Do you think the worst is behind for GTLB?
With news of senior management selling stock share and the downgrade, we see a clear test of low since April this year. Since the news always come out the latest, the decline during the last 3 months is likely the explaination to the selling pressure we have seen.
However, the bottom is well defended structural-wise, supported by a slow and steady increase in company revenue.
My expectation is that at least we should see a retest around the 200MA.
I am adding GLTB to my portfolio at a 3% position size.
With news of senior management selling stock share and the downgrade, we see a clear test of low since April this year. Since the news always come out the latest, the decline during the last 3 months is likely the explaination to the selling pressure we have seen.
However, the bottom is well defended structural-wise, supported by a slow and steady increase in company revenue.
My expectation is that at least we should see a retest around the 200MA.
I am adding GLTB to my portfolio at a 3% position size.
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FREE real time trade & stock recommendations on X:
x.com/BoiPlunger
FULL transparency
x.com/BoiPlunger
FULL transparency
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.