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Have a look at GNC weekly bullish set-up, as my wife said so!GNC's endless slumping is kinda hard to understand for me, and I usually get away from this kind of stocks. A profitable healthcare/retail drug store with only 3+ P/E and a non-stop downtrend from $60 to $2.5 a share in such a bull market!? Hard to believe, but anyone who tried to pick the bottom based on those fundamental numbers worked horribly so far. Let's not pay too much attention on its fundamentals, let's go back to the chart! Here we got a weekly bullish butterfly with a hammer, not a bad set-up, and most important of all, my wife said that she has a feeling that it would be a better investment than buying the lottery! So why not, I'll get some position here with very little risk there to put the out below 1.90. Maybe 500 shares with $300 risk and see how it goes! Happy wife, happy life yo!
GLong
by Trader_Joe_Lee
1