These are my thoughts on GLT:
There is a nice strong resistance that the stock bounced today. The candle of today was very strong , the low is the open and the close is the high of today so buyers looked strong today. Yesterday, the sellers were in control and finished the day in power but today it completely change on the buying side and this is why i think the stock has room for a nice gain on the upside. Strong support line, fast change of the sentiments ( bearish to bullish), a nice bounce with a really strong candle are why im going bullish tomorow.
There is a nice strong resistance that the stock bounced today. The candle of today was very strong , the low is the open and the close is the high of today so buyers looked strong today. Yesterday, the sellers were in control and finished the day in power but today it completely change on the buying side and this is why i think the stock has room for a nice gain on the upside. Strong support line, fast change of the sentiments ( bearish to bullish), a nice bounce with a really strong candle are why im going bullish tomorow.
