Long GPI

If and only IF we have a market bounce, then going long GPI when it crosses back above 81.16 could be interesting.

Note that GPI is now above that level. This means that if first needs to drop below and only then can it become buyable for a long trade. I however think that this entry price will not be reached. An entry on a bounce above 82.5 could be more realistic.

Note that the 50MA, the 200MA and the lower band of the envelope are at the same level. This looked cute enough for me to show it, but has probably little significance for trading.




Pascal

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