Glu Mobile, Short-Term Bull, Pennant Pattern, Under $10.00
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
I see a possible Pennant pattern forming for Glu Mobile. I will consider a bullish buy (Stock or Call Option) if GLUU breaks above 3.85ish and maintains a price above 3.90ish. Possible optimistic exit prices would 4.37ish (from back in November 22-24, 2017) or all the way up to the blue line of resistance of $4.69/$4.70 area (from October and December 2017). Higher volume would also need to be an indicator of a good buy for a Pennant. If this does break out bullish I expect it to happen within 1-3 trading days. I do not currently have any positions in Glu Mobile.
I see a possible Pennant pattern forming for Glu Mobile. I will consider a bullish buy (Stock or Call Option) if GLUU breaks above 3.85ish and maintains a price above 3.90ish. Possible optimistic exit prices would 4.37ish (from back in November 22-24, 2017) or all the way up to the blue line of resistance of $4.69/$4.70 area (from October and December 2017). Higher volume would also need to be an indicator of a good buy for a Pennant. If this does break out bullish I expect it to happen within 1-3 trading days. I do not currently have any positions in Glu Mobile.
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