GU has failed to close below monthly support
If we take a look at the daily chart we can see that price has made a lower low, however all price did was retest the previous area of resistance
I am displaying the monthly chart as its alot easier to see whats happened
Also the daily candle has broken back into support so we should be looking for rejections and opportunities to go long
If we take a look at the daily chart we can see that price has made a lower low, however all price did was retest the previous area of resistance
I am displaying the monthly chart as its alot easier to see whats happened
Also the daily candle has broken back into support so we should be looking for rejections and opportunities to go long
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.