Can't argue with the chart bro...it's amazing how we all look at the same chart and see different things...I was pretty sure about the bounce off the BBand, I not so sure after that, I see it's at resistance and it should come down. When I am not sure I look somewhere else.
nikoschopen, Looking at that GLD chart I don't see where you are coming from with that resistance trendline.
Shorter term Daily chart is bullish with a bullish break out of a Pennant pattern today followed up by a mildly bearish consolidation pattern on the Hourly and 5 minute charts.
I say mild because although pattern support was violated in those two time frames, the stock stabilized closing every hour above $91.50.
nikoschopen, Looking at that GLD chart I don't see where you are coming from with that resistance trendline.
Shorter term Daily chart is bullish with a bullish break out of a Pennant pattern today followed up by a mildly bearish consolidation pattern on the Hourly and 5 minute charts.
I say mild because although pattern support was violated in those two time frames, the stock stabilized closing every hour above $91.50.
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