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BLOG: Is Gold Canyon getting ready for a breakout?

  • April 10, 2015
  • geckoresearch_admin

Gecko Research, April 10, 2015

Normally, a flag formation is a short term chart pattern which in our experience have been proved to be quite reliable. After a leg up, which we had, the stock trades in a sideways pattern (the flag) until the price moves above the upper trendline, which is when the trend continues up.

Making a technical analysis on a small and thinly traded stock like GCU is always more risky and less predictable, but nevertheless, it will be interesting to observe the near-term in GCU.

gcu_apr10_2015

 

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