GLP hasn’t move much recently , it is currently below the 50 and 200ma which is bearish in technical terms.
It is currently sitting on its horizontal support of 1.805 and there was an increase in its volume today.
For now GLP seems like its in a range. Watching to see if that horizontal line breaks which might take it down to 1.75 level.
Yours
Humbly
A 4 cents cut loss for GLP that we suffered at the end of the week. Well as said, we can’t be right all the time and we won’t want to cover our wrongs and just show all the rights. That’s not our trading belief and being honest is our utmost value. =)
So what to do when we’re wrong, we take some time to see what went wrong, reset our mental and not try to have a revenge trade after. ย Having a stop loss for every trade is important so we are mentally prepared for the worse case scenario.
Yours
Humbly
Our last post for the night before we call it a night, we hope that you have following closely to our blog and would have been in the money with these few stocks and index that we have shared. =) Remember to stick to the plan and follow through ya. Protect your profits along the way too. Don’t always aim for the highest to take profit. Take profit along the way. That works for us. Hopefully that works for you too.
Yours
Humbly
GLP has been hugging the downtrend line and the horizontal resistance line. A break of 1.835 might see it move higher to 1.865 then 1.88. Market seems bullish so lets wait and see if GLP manages to break up from this resistance. Stop loss would be 1.80
Yours
Humby
