% | $
Quotes you view appear here for quick access.

GT Advanced Technologies, AŞ Message Board

  • on_pphire on_pphire Jul 23, 2013 7:14 PM Flag

    higher high without higher rsi

    Now I would call it short term over extended. I sold two lots of trading shares at 5.15 average but holding the core. Keep an eye on how the week closes. I could see 4.75 at least some point within 3 weeks. Still could run but the warning was sent to lighten up.

    The one daily close below the doji ($5) was the first warning that $5 support isn't rock hard.

    5.23 was a nice run, it is bouncing off the previous may runs bottom trendline but didn't seem to have the strength to bust it on 3 attempts the last few days (3 higher highs is also a signal) also, Kind of forming an inverted hammer on the weekly and the weekly signals are crossing overbought.

    Remember 5.15 as support on the next big run and look to buy at 4.75, 4.66 and anywhere below that based on signals if a beartrend should form. Bottom should be 4.27 of a long downtrend if it happened.

    From a monthly standpoint the fun is just beginning due to the macd cross, the 10/40 ema cross and the 2 year falling wedge bull breakout as well as the double top breakout on the point and figure chart. So long term holders are looking good for $6-$9 in the coming months.

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies