GMI= 6 (of 6) Time to look for GLBs: $OLED and 10 week bounces above green line $COUP

GMI6/6
GMI-26/8
T210849%

A set up I like is when a stocks breaks above its green line top (GLB) and on a weekly chart has just bounced up above its 10 week average. OLED is such an example. Dotted line= 10 week average.

 

I also like a 10 week bounce to a new high on a stock that is above its last green line top. COUP is an example of this set up.

If I buy these set ups I sell if it closes back below its 10 week average or the weekly low of the bounce.

With the  GMI  strong, it is time to look for GLBs.

 

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