Done with the sell off. Where to now?
GNUS has had a strong bounce off support around the $1.45 area and is seeing upwards movement. The daily RSI is sitting at a healthy 50 and the MACD has just crossed indicating an end to the recent sell off.
We see the chart making large up and down movements and seems to be extremely volatile, so is this the start of the next upwards swing?
We might see a short pullback but the goal is to get back up near the blue line/$3+. From the first local top to the second it took 56 days. We are currently 33 days in after the second local top. Hopefully in the next month we can see our third!
We see the chart making large up and down movements and seems to be extremely volatile, so is this the start of the next upwards swing?
We might see a short pullback but the goal is to get back up near the blue line/$3+. From the first local top to the second it took 56 days. We are currently 33 days in after the second local top. Hopefully in the next month we can see our third!
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