$GTC looks strong on the surface. The volume says wait
It is up 11.1 percent today sitting at $0.29815 right in the middle of the range
Volume is 1.1x the 7 day average which is not heavy enough for a breakout
The evidence for continuation is not strong enough to justify the risk here
I need an hourly close and hold above $0.32199 before entering
Or a pullback that holds $0.25258 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $GTC here or waiting for $0.25258?
#GTC #RiskManagement
It is up 11.1 percent today sitting at $0.29815 right in the middle of the range
Volume is 1.1x the 7 day average which is not heavy enough for a breakout
The evidence for continuation is not strong enough to justify the risk here
I need an hourly close and hold above $0.32199 before entering
Or a pullback that holds $0.25258 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $GTC here or waiting for $0.25258?
#GTC #RiskManagement