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Scott Bietendorfon September 9, 2015 - 8:29 am at 8:29 am
GPRO: touched, fell threw, then recovered $36.50 mentioned in earlier posts. This morning is opening stronger. Do we need a retest of the low to confirm a bottom has been established?
Rod Davidon September 9, 2015 - 9:47 am at 9:47 am
GPRO — Fulfilling a lower objective at 36.40 could allow a bottom to begin forming, but probably only temporarily because it is essentially a Double Bottom with March’s prior low. A more durable bottom would continue probing lower. Bouncing here would likely be only temporary — albeit with room up to 43.15 and 47.25.
GPRO: touched, fell threw, then recovered $36.50 mentioned in earlier posts. This morning is opening stronger. Do we need a retest of the low to confirm a bottom has been established?
GPRO — Fulfilling a lower objective at 36.40 could allow a bottom to begin forming, but probably only temporarily because it is essentially a Double Bottom with March’s prior low. A more durable bottom would continue probing lower. Bouncing here would likely be only temporary — albeit with room up to 43.15 and 47.25.