My analysis: I'm curious to see how this performs. 
GO bounced off the 200 MA back in June and seemed to have triggered a wave 1 and a price channel. This time it broke the price channel but appears to be bouncing off the 200 MA and the start of wave A. Targeted rebound to $41. If it breaks through the channel I am bullish but if it falls below 39.33 after the bounce I turn bearish.
Thoughts?
"I'm not an expert but I have watched a number of youtube videos"
GO
GO bounced off the 200 MA back in June and seemed to have triggered a wave 1 and a price channel. This time it broke the price channel but appears to be bouncing off the 200 MA and the start of wave A. Targeted rebound to $41. If it breaks through the channel I am bullish but if it falls below 39.33 after the bounce I turn bearish.Thoughts?
"I'm not an expert but I have watched a number of youtube videos"
GONote
Tracking nicely - jumped the 20 day EMA today. I wish I could update this chart - I cleaned it up a bit and used EMA instead of SMA. It shows the path better. I'm thinking we break the 50 EMA soon and establish a new support just like in June.Trade closed: stop reached
Bears win.
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Disclaimer
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.