GSS has been stuck in a massive wedge for +2 years. With the current loss of the weekly 9MA (yellow) and 50MA (magenta), more downward pressure is expected to complete the WXY pattern of a larger 2 wave before the massive 3rd wave begins. RSI support has been lost, and SlowStoch must reset (lowest indicator). Price target around the .382 Fib level at approximately 2.50-2.60 area (low .50s, upper .40s pre split). The 200MA (blue) may serve as support and will reassess as weeks continue.
Ignore the reports, ignore the news, for both are only noise. Price is not only key, it is king.
Ignore the reports, ignore the news, for both are only noise. Price is not only key, it is king.
Kommentera:
Update since the October 2018 post:
