Wednesday, February 20, 2008

GEO - confirms breakout

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GEO = 1.3 ()

GEO formed a botttom shaven black candle with higher low and higher high. Volume decreased slightly.

GEO confirms breakout by forming higher low.

GEO failed to impress by forming a bottom shaven black candle.

GEO moved back below the 32MA.

GEO tested resistance at 1.42. Failed to move above resistance.

I hope GEO continues to form higher lows.

I hope GEO moves above the resistance at 1.42.

Disclosure: Bought more GEO at 1.4

Good luck to all GEO traders!
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