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Paul Mosgovoy
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Truth is timeless: “Markets never change” – Jesse Livermore, 1923 The early masters, Livermore, Wyckoff and Loeb isolated themselves from the crowd and crowd thinking. None of them ever graduated high-school and yet they each became legends in the market. Their techniques have been time-tested.... More
  • Market Summary: GDP 0 comments
    Mar 31, 2014 4:31 PM | about stocks: GDPM

    Looking at the weekly chart below, we can see that Goodrich Petroleum (GDP) is ready to break out to the up-side.

    Price action has no place to go. The set-up will either break lower, continue sideways (breaking the down-trend line by default), or break out to the up-side.

    (click to enlarge)GDP Weekly

    Chart by TeleChart

    Disclosure: I am long GDP.

    Stocks: GDPM
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