The market (SPY) is down 1.56% today with 1.5 hours to go with convincing breadth, yet GEO is up .43%. That's bullish. The weekly chart is showing cup with handle pattern, which is also a bullish setup. However, beware of the tide which could easily trump individual current. Another caveat is that uptrend prior to the cup is non-existent. GEO should have good odds of advancing in a big way if the broad market turns up. Currently holding GEO long. Always do your own due diligence.
No comments:
Post a Comment