$GBR showing some consolidation on 7/5 - possible buy$GBR saw some volatility today with buying out of the market open. However, ending the day in a broken descending triangle pattern causing consolidation above $4.78 support. If support holds - as I expect it to - $GBR is a possible buy for a break over $4.96 to a run up to a target of $6.80. If $GBR doesn't see sufficient volume / buying pressure on 7/6 - then $GBR will be a strong consideration for a buy on 7/9 after traders return from a slow holiday week and most likely will be in the mood to buy $GBR from todays consolidation )and possibly tomorrow's) for a move to an initial target of $5.90 and much higher if that target / resistance is broken. $GBR is a small company with big running potential - possibly more than $1 on a strong bull buying day - has already seen multiple dollar Bull runs recently. No doubt this runner will remain in the minds of Bull Traders for some days - most definitely until 7/9. Ill be watching this for a solid entry off of consolidation on 7/6 at the market open and also on 7/9.
- Good luck traders.
