$GCT - RC -
Added 2023-08-12 10:57:46 +0000 UTCThis has been getting some attention on line lately and it has been performing very well, it is not an area I would be chasing here however.
The chart is showing how a stock can behave when the 50 day MA crosses the 200 Day MA, in this case, we can see that it was certainly a bullish indication and the price has moved quickly after this has happened.
I do not expect this to run much higher than then 2 Fib at $13.70, anything higher than this and it is going very parabolic which is not healthy.
After Wave 5, as always, we expect 3 waves pulling back for an ABC count.
Comments
thank you!
JessyyRabbit
2023-08-12 17:20:01 +0000 UTC
