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Glu Mobile, Inc. Message Board

  • thetechtraderca thetechtraderca Mar 13, 2013 9:04 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on GLUU at TheTechTrader site noting: Glu Mobile, Inc. (GLUU) had a big day on Tuesday. It popped, pulled back to the 2.81 area, and within minutes it was up to 3.08. So that was a nice 27 cent pop, nearly 10%, in just the first 15-20 minutes. At that point, it went into a sliding channel, snapped back, flagged, popped near the high, only to form a coil and break down at the end of the day. It formed a bear flag and some coils. Not sure what that means. There were a couple of successful scalps in it today. The daily chart shows the key to Tuesday’s action was the declining topsline. It ran above it and then pulled back below it to key resistance from November at 2.83. Keep an eye on this one to see if there is any follow-through in the next couple sessions.

 
GLUU
2.67-0.04(-1.48%)Apr 29 4:00 PMEDT