The Responsible Trader

STOCK CHARTS AND ANALYSIS – GERI

 

In accordance with our Independence Day commitment, following is our Technical Analysis of  GERI (GLOBAL-ESTATE RESORTS, INC.) as of July 22, 2015.

 

This is the second of our THREE for FREE for this week.

 

 

TA – The Responsible Trader’s Way – No Hyping, No Bashing Just Plain Cold Facts.

Positive

1.   Bounce from a Double Bottom. GERI appears to be bouncing after completing a Double Bottom Chart Pattern.

2.   Recent price action above 15 EMA and 20 SMA – Bullish – Short Term. The stock’s recent price action is above  the 15 EMA and 20 SMA showing that it is Bullish on the Short Term.

3.   Recent price action above 50 SMA – Bullish – Medium Term. The stock’s recent price action above 50 SMA shows that it is Bullish on the Medium Term.

As we mentioned in our last post, Responsible trading is evidence-based trading so we will try to present more evidence to validate the positive points.

4.   The MACD on Golden Cross. The MACD has already made a Golden Cross and although the Signal Line is still below the Zero Line, the MACD has just breached the Zero line and the histogram had been increasing showing strong momentum.

5,   Rising RSI.  Since the time that the MACD made the Golden Cross, RSI had been rising also confirming the strong momentum.

 

 

Negative

1.   Price action below 200 SMA. Although GERI appears to have broken its dowtrendline, most of the price action are still below the 200 SMA showing that the stock still remains in Bear territory. It needs to take out P1.54 (38.2% Fibo) with volume to confirm trend reversal.

2.   Last candlestick seems Bearish Shooting Star. The last candlestick appears to be a Bearish Shooting Star indicating that the sharp rise in price might not be sustainable.

 

 

NOTE: Positive points are things that could work in your favor. Negative points are things that you have to watch out for.
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