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Passionate about the markets and Technical Analysis. The learning never stops!
Showing posts with label GSS Energy. Show all posts
Showing posts with label GSS Energy. Show all posts

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.


Monday, February 13, 2017

GSS Energy - Ran today, but room for more


GSS Emergy broke strongly above the 1st resistence at 0.107 to close at 0.120.  There is another resistence coming up at 0.126 which it will need to break above for the long to continue.

Do not chase blindly, preferably wait to see if there is some pullback to enter.
The support is now at 0.107.  Do not buy if it goes below this level.

Bulls are back!

The US markets declined pretty sharply on 13th December last year but 2 weeks later it hit into a longer term support and started to rebo...