We have been watching GU all week, it's been in a steady downtrend for quite some time. But this week something is new, that trend line has been broken and we are here to ask is GU going for a buy finally? It looks pretty good, the RSI is telling us its in its retest but as we look its getting closer and closer to that resistance. So I would like to see it break resistance and retest back down and respect the new support and im going for a buy.
entry - 1.6056 area TP 1 - 1.6336 area TP 2 - 1.6940 area SL - 1.5740 area
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.