$GH at juncture: earnings week
Updated
8/6 earnings -
Thesis:
Price action reveals too few bear signals = good gamble on bullish pivot post-earnings
Last session:
-profit takers sold earnings announcement 8.6.
-buyers stepped in near yearly top, confident of earnings risks
Last few months:
-6wks compact range consolidation near ATH
-volume decline, seller absorption
-secondary offering absorbed, price climbed and held
-complete 4-month cup and handle formation
Thesis:
Price action reveals too few bear signals = good gamble on bullish pivot post-earnings
Last session:
-profit takers sold earnings announcement 8.6.
-buyers stepped in near yearly top, confident of earnings risks
Last few months:
-6wks compact range consolidation near ATH
-volume decline, seller absorption
-secondary offering absorbed, price climbed and held
-complete 4-month cup and handle formation
Trade active
GH murders earnings....Holding Sept. calls for some additional run-up
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