Another ripping day for GLN, i mentioned in my last post that if...

Another ripping day for GLN, i mentioned in my last post that if SP could bust the 23/ 38 fib zone to the upside , GLN would be flying, well its smashed that with above average volume, way sooner than i thought it would.........I identified that zone as a tough challenge to break, with multiple touches on both lines...........but it cut thru it like butter and now there is no resistance standing in the way.........once again with a new ATH.

Plenty of room on the RSI 14 indicator to move still, both upper and lower bollie bands are spreading their wings up and down, opening up the chart, blue arrow pointing to the 5 ema cross 20sma with the 30ema not far behind, macro has stabilised and still plenty of FA news on the horizon..............whats not to like here ?

Could be a three white soldier pattern on the cards , ( 3 green poles in a row ), if that was to occur, then the 78 fib ( 201 ) could be hit this week....

Seriously good action going on here......

As usual, everything i say is IMO, IMO, IMO


Good luck all.