I just put this up on twitter and thought I would post here.
The RAP chart has a lot of things going on from what I can see it suggests that we could be in for a some positive moves in the coming days / weeks.
* green 50d MA acting as a trendline (TL) support
* pink, blue and yellow short term EMAs (10,13,21) all converging and forming a pivot
* current price at lower range of a channel with smaller and larger channel well within reach overhead
* will test / potential BO the resistance at 49c (horizontal line)
* MACD looking like about to cross
* supply volumes have been decreasing
* a pennant also forming
Granted anyone of these indicators by itself might not reveal much but when you have so much going on at one time then this reinforces the credibility of the signal and also the strength / velocity of the subsequent move.
Disclosure I bought in yday at 46.5 !
GLTA
RAP Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
