Here's the updated GEO daily chart. Round bottom or bigger cup -- it looks bullish either way.
Thursday, April 12, 2012
PWRD - Cup And Handle, GEO - Round Bottom
PWRD - Perfect World, a Chinese online game maker, has been on a long term down trend. But it seems to be turning around with the 10 and 20 week MA turning up in a hurry with volume. And it's getting ready for the golden cross on the daily chart with the next leg up. Unlike the GEO round bottom (no handle as I was expecting) which still appears to be finding a higher neckline, PWRD is finding the handle ready with the major MA's just below. Good objective long entry.