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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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
FREE real time trade & stock recommendations on X:
x.com/BoiPlunger
FULL transparency
x.com/BoiPlunger
FULL transparency
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.