RE: US Stocks - Watchlist and Discussion (Premium)
GOGO is in Stage 4B- imo, which means that although not yet “officially†in Stage 1A, the stock may now seen its low for the cycle.
It's currently building it’s primary base around it's IPO high level, and note the volume contraction during the last few months down weeks which have had less than half the average weekly volume.
This is a way off being tradable by the methods rules, as Stage 4B- stocks are only really tradable following a severe Stage 4 market decline like in late 2011 for example, when virtually everything is oversold. But market conditions are a long way from that state currently as the large cap indices continue to post new highs. But certainly one to keep a distant eye on imo.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.