Just a pennant/consolidation forming in an uptrend.
Bulls and bears matching up in a battle on the depth right now (12k bidding 7.20, 12k asking 7.21)...the break should be a strong move.
Could go down, but I'll always give the edge to the overall trend. Wouldn't dare calling a reversal of the trend now and start short-selling it...
Trigger: Yesterday was a false break down (bearish inside candle/harami break), a tree-shaker, a bear trap, and short-sellers yesterday are currently feeling the squeeze, and if it rallies today, it'll pop even harder thanks to short-sellers covering/stopping out.
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Feel free to add your thoughts.
GLTA
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- APO - pennant break, TODAY?
Just a pennant/consolidation forming in an uptrend. Bulls and...
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