Home > heikin-ashi > Why $GTAT looks bullish #markets #stocks #trendfollowing

Why $GTAT looks bullish #markets #stocks #trendfollowing

July 1, 2014

GT Advanced Technology (GTAT) daily

  • The Ichimoku chart displays a very interesting coincidence (higher probability for success): Chikou-span went above the price almost in the same time as the price closed above the Ichimoku cloud.
  • The inverse Head-and-Shoulders is a very bullish indication with a target of $22.5. It’s worth noting that the neckline has been retested after the breakout in June.
  • The heikin-ashi original oscillator (green area in the lower pane) displayed a bullish crossover before the breakout above the cloud.

www.educofin.com

 

$GTAT bullish heikin-ashi chart.

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