Technical Insider

GEO formed a gap up long white candle to test resistance at 0.730 volume of 90,392,000 is highest since november of 2009 I hope this continues for geo! Good luck to all! :)

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!

GEO = 1.38 GEO formed a big white candle with higher low and higher high. Biggest volume since 23 January 2008. GEO moved above the possible resistance line. Breakout with volume. GEO moved above the 32MA. Bullish in the short term. GEO MACD signaling buy, short. GEO pushing the upper level of the Bollinger Band. Bullish. GEO possibly on its way to test the following resistances: 1.42 - recent high 1.62 (65MA) 1.76 - recent high GEO might find support at: 1.36 (32MA) 1.28 previous resistance 1.18 big white candles low Good luck to all GEO traders! :)

GEO = 1.18 (0.0%) GEO formed another black candle with lower high. Volume decreased significantly. GEO seems to be forming a symmetric triangle. I hope it breaks out :) Good luck to all GEO traders!

GEO weekly formed a black candle or doji with lower low and lower high. GEO weekly seems to have formed a bullish hammer. This reversal pattern will be confirmed if GEO weekly forms higher lows in the succeeding weeks. I hope it does :) Or is this a doji? In any case it can be considered a bottom formation where the market sentiment or rather the downward uncertainty has been measured by the long lower shadow, this also tested support levels. It is in my humble opinion that after that test the bulls returned to GEO and tried to close the week near its open, which might clearly have bullish implications. Good luck to all GEO traders!

GEO = 1.32 ( 10.0% ) GEO formed a gap up white candle. Volume decreasing. GEO seems to be forming an island reversal pattern. Will be confirmed if GEO continues to gap up or form higher lows and higher highs. Good luck to all GEO traders!

GEO = 1.32 ( -4.3% ) GEO formed 7th black candle with lower low. Volume decreasing. GEO seems to be forming a level of resistance at 1.42. Careful GEO traders...

GEO = 1.5 ( -7.4% ) GEO formed a 5th consecutive black candle. Volume highest since 6 december 2007. GEO seems to be correcting to trending down. Careful GEO traders...

GEO = 1.7 () GEO formed another white candle with higher high. Volume decreasing slightly. GEO seems to be rallying. I hope GEO continues to form higher highs. Good luck to all GEO traders!

GEO = 1.70 ( -1.20% ) GEO formed another black candle with lower high and lower low to test support at 1.68. Volume decreasing. GEO likely to test and break support at 1.68. GEO likely to test support at 1.52 without regard for the aggressive demand line that it was forming. Take note of support levels and your stop loss levels, cut your losses accordingly. Careful GEO traders...

GEO = 1.8 (-2.2%) GEO formed a black candle with higher high and higher low but volume decreased. GEO seems to have confirmed formation of a reversal pattern: bullish engulfing. It may have reversed the recent correction or downtrend to either a sideways or uptrend. The bullish engulfing seems to have been confirmed by the formation of higher high and high low but the black candle gives us uncertainty on the recent movement. This uncertainty would be diminished if GEO continues to form higher highs and higher lows. It would also be nice if GEO forms white candles with increasing volume. Good luck to all GEO traders!

GEO = 1.86 ( 5.7% ) GEO formed a white candle with higher high and higher low to close a previous gap down. GEO needs to close above the previous gap down in the coming trading days. Reistance: 1.94, 65MA Support: 1.64, 1.52 Good luck to all GEO traders!

GEO = 1.76 ( -2.2% ) GEO formed a black candle with higher low and higher high to test resistance provided by a previous gap down. I hope GEO is bullish and will try to close the gap. Resistance: 1.86-1.94 (previous gap down) Support: 1.68, 1.52 Good luck to all GEO traders!

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!