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Passionate about the markets and Technical Analysis. The learning never stops!

Tuesday, March 7, 2017

GSS - surged 58% in just 3 weeks!


Since my previous post on GSS Energy (13 Feb), it broke above 0.126 on strong volume and climbed steadily.  It went parabolic in the last 2 days and surged to a high of $0.19 - a 50% move in just 3 weeks!

However, it also started to face strong profit taking and closed 0.174, forming a gravestong candlestick (potentially bearish in the short term). 

It's time to take some profits here and tighten the stops for the rest of the position.


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