GEO - reversing?



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GEO = 1.8 (7.1%)

GEO formed a white candle with lower high and lower low and increased its volume. Might be bullish.

GEO might be forming a piercing pattern and might have formed a bottom for this downtrend and might reverse its current trend to either sideways (more likely, given the volume) or uptrend. This candlestick formation would be verified if GEO forms higher highs and higher lows following the piercing pattern.

Support: 1.64, 1.52
Resistance: 1.8, 1.86-1.94 (previous gap down)

Good luck to all GEO traders!
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