STOCK CHARTS AND ANALYSIS – GTCAP
STOCK CHARTS AND ANALYSIS – GTCAP
In accordance with our Independence Day commitment, following is our Technical Analysis of GTCAP (GT CAPITAL HOLDINGS, INC. ) as of Sept. 22, 2015.
This is the FIRST of our THREE for FREE for this week.
TA – TRT Way – Straight from the Chart
POSITIVE
1. Bounce at 61.8% Fibo. The stock has bounced at P1146.00 (61.8% Fibo) after hitting a Double Top Pattern and a Trendline Break. It is presently establishing a higher low base at P1264.00 (38.2% Fibo) and appears to be on its way back to its Uptrendline.
NEGATIVE
1. Price action below 50 SMA – Bearish – Medium Term. GTCAP’s Price action below 50 SMA shows that the stock is Bearish on the Medium Term.
NEUTRAL
1. Price action between 15 EMA and 20 SMA – Neutral – Short Term. The stock’s price action between 15 EMA and 20 SMA shows that no one is winning the struggle between the Bulls and the Bears on the Short Term.
2. Price action almost on 200 SMA – Neutral – Long Term. The stock’s recent price action almost on 200 SMA again shows that no one is winning the struggle between the Bulls and the Bears on the Long Term. A break above P1317 could signify a win for the Bulls. A break below P1,205 could mean a win for the Bears.
NOTES:
1. Positive points are things that could work in your favor. Negative points are things that you have to watch out for.
2. On the opposite side of Pattern Targets are Pattern Failures. In case you decide to take this trade, always remember to set a stop loss based on your established risk tolerance level.
3. September is a very significant month for us. It was at the same time this year that we introduced Responsible Trading to mainstream social media. Starting September 1, 2015, since you are already familiar with our caption “TA – The Responsible Trader’s Way – No Hyping, No Bashing, Just Plain Cold Facts” we are changing this to TA – TRT Way – Straight from the Chart.
The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.
Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.
Good luck on all your trades.