I've day traded GALE several times in the past year with success but this time it may be a longer hold for me as I recently bought 50 Jan calls based on the technical indicators and good news found here which I agree with:
seekingalpha.co...iting-catalysts?source=yah...
Even though the Close (red line) is still tangled up in past price action and the Standard (blue line) offered temporary resistance GALE is moving out of the cloud with stochastics unwinding out of oversold and pointing up. The upside potential could be considerable if GALE should be acquired which is likely.
Ichimoku is a fantastic indicator which has all of the aspects of Fibonacci, Gann and Elliot theory built in. Once you learn it all it takes is a glance at any chart to predict future price action. Learn more here:
www.youtube.com/watch?v=tEeXmson...
seekingalpha.co...iting-catalysts?source=yah...
Even though the Close (red line) is still tangled up in past price action and the Standard (blue line) offered temporary resistance GALE is moving out of the cloud with stochastics unwinding out of oversold and pointing up. The upside potential could be considerable if GALE should be acquired which is likely.
Ichimoku is a fantastic indicator which has all of the aspects of Fibonacci, Gann and Elliot theory built in. Once you learn it all it takes is a glance at any chart to predict future price action. Learn more here:
www.youtube.com/watch?v=tEeXmson...