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GTLS

inflection point for $GTLS?This morning took a small position in $GTLS after it run up at the open and went back down immediately to some mid support level. Entered the trade at around 154-155. It might have been premature, since the company is moving sideway and staying inside the channel, both on the top and bottom. But I am willing to take higher temporary downside risk as the company raised guidance going forward. I believe that mid range level will act as support for the next few days, before analyst raise price target and the share price will finally break out the triple top pattern. RSI and MACD look ok, but it seems volume is coming in. Will monitor and will add more if it goes back to the lower end of the channel! Peace!
NYSE:GTLSLong
by aristocks
Bitcoin and Moving AveragesAt the moment I'm using moving averages 20-50-200 and Elder's Force Index ( EFI ) and that is working really well for me in Bitcoin and other alts so I thought I would share my observations. The 20 Weekly Moving average As you may notice, the 20WMA is quite significant, during the previous bull market it acted as a significant support and has been the main resistance throughout the bear market. BTC is currently just over the weekly 20MA, the second time in this whole bear market! Notice also how the price dropped in the last few days to re-test it as a support and we have bounced from it. Also, the first time we went over the 20WMA was when we re-tested the weekly 50MA as a resistance and that is the only reason it had enough strength to go over the 20WMA. So overall this is very positive for BTC but we have a lot of resistance ahead. The 50 Weekly Moving average On April 2 we bounced strongly off the 50WMA, then unable to go above the 20WMA we fell hard through the 50WMA without a bounce. Followed by two retest on the 28th of May 23rd of July. Since then the price has not been able to go higher than the 20WMA until in the last two days. The 200 Weekly Moving average This moving average is very significant in other markets and in the case of BTC we have bounced two times out of this moving average. This is the first time in this bear market that BTC has done so. If you get the GTL indicator and still in the weekly chart, you will notice the lower band channel (in light grey here) was so perfectly the support around the 6k area for at least 5 times, until the 20WMA was too strong and a lower moving average needed to be tested. This lower band (in light grey here) will be one of the major resistances ahead. Current trajectory of BTC indicates $4500 will be the next major resistance. Currently we have a potential iH&S on the daily chart which, if confirmed, target will be around that area of $4500-$4700 which is also where the 200 daily MA will be. It is really positive to have not witnessed a major sell off yet, if that wasn't the case, it would mean BTC is extremely weak to even attempt to go higher where these major resistances are. In my opinion, BTC will officially be in a bull market once we have gone above the weekly 50MA. I would be cautious though as we are not clearly ahead from the yearly downtrend line (dotted purple) and it is usual to see alts getting ahead before BTC has a major sell off.
COINBASE:BTCUSD
by Poukitoun
4
GTLS: Strong weekly uptrendI'm long $GTLS here, looking to add to it if viable, weekly uptrend has kicked off here, and implies a 15 week advance towards targets as lofty as 194.03 by May 20th give or take. I'd reccomend taking a long position on dips, or gradually entering into a cash position here. We're holding 8 stocks currently, but I won't disclose the whole portfolio to people outside my trading signals group. Feel free to inquire if interested in gaining access to a 1 month free trial. Best of luck, Ivan Labrie.
GLong
by IvanLabrie
2