GSFC trading in the upward channel, bounce from the trendline support buy for the target 170+ keep stop loss below 130.
Buy GSFC above 148 T1: 154 T2: 159 T3: 167 SL: 140
Stock has broken out of falling trend line couple of days back. After that breakout price has came down two times to retest that breakout area and hold in both attempt. Now, seems like this time stock may create new high very soon. We are expecting 15% to 18% more appreciation in price.
Price seems to have broken out above the zone of 100. I'm expecting a move up from these levels to retest prev swing highs. Let's see how it plays out. Below 80, long view is negated.
Annotations are self-explanatory, I presume.