Morning all,
Thought I'd share some thoughts on the TA side of things.
1. 4 hour chart. - looks ready to move higher IMO. Stochastics coming out of oversold territory and looking very bullish. Note the bowl shape (arc) pattern that continues to provide direction and support since the highs of late last year.
2. Daily chart - it appears that immediately following the extremely encouraging quarterly (plenty of additional detail to provide the market with a greater level of confidence that the company is in a strong financial position and is on track to land a major deal (or three) and become a significant global player in the IOT space),
the chart has confirmed breakout of the bullish wedge that has formed over the last 3 weeks.
3. Weekly chart - although we experienced a lower high and lower low last week, the overall trend remains up (as evidenced by the ascending support line) and with the strong possibility of a morning star reversal pattern taking shape this week, we could be looking at significantly higher prices in the weeks to follow.
GLTA
