GVT Broke out as expected and may be in an optimal hopping on point from the retrace.
And what a textbook retrace it is, right to top level resistance, now turned support.
I expect this to move very quickly soon, MACD is still showing an uptrend despite the retrace and RSI is somewhat irrelevant here because of the length of the downtrend but has given us a little breathing room.
TD9 also just finished a 9 up before the retrace, leaving us with fresh canvas for a liftoff to occur.
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.