GWPH - Call Entry
GWPH has been pulling back since 165. It is trying to reverse and come back up. The MACD is about to get a very strong bullish cross on the 4 hr chart. Trend support is at 139.50 and down trend resistance is sitting around 145. This has a lot of potential to run back above 150 and retest 52 week high for a longer term swing. I will be looking for an entry in the 140s for a test of 145 then possibly 150. The 9 EMA is also about to cross above the 21 EMA in a bullish push. The 50 SMA is currently acting as suport on the daily. The 5 SMA is also looking to cross back above the 15 SMA on the daily. Plenty of bullish indicators to support call entries.
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