GTN looking to break out of a month long range.
GTN made a new 52 week high with tons of buying volume coming in and is also expected to fundamentally grow over the next year.
Judging by the volume we got on Friday, I think we'll see a break of the range early this week.
However, keeping in mind that most gaps tend to get filled I think GTN may come back to retest the $23.25 area before attempting to break out.
Final thoughts:
Look for buying opportunities around the $23.25 area or wait for a daily break/close above $23.95
P.S: Previous all time high comes in around $25.31.
If your thinking about trading this be sure to lock in some profits at or around that price.
Judging by the volume we got on Friday, I think we'll see a break of the range early this week.
However, keeping in mind that most gaps tend to get filled I think GTN may come back to retest the $23.25 area before attempting to break out.
Final thoughts:
Look for buying opportunities around the $23.25 area or wait for a daily break/close above $23.95
P.S: Previous all time high comes in around $25.31.
If your thinking about trading this be sure to lock in some profits at or around that price.
Given the volume we had on Friday June 25th, 2021, I think this will break out this week or early next week.
Lets see how it goes.