Now at $0.0731, 
GIBO is trading below its 50-period SMA (~$0.0800) but above its 200-period SMA (~$0.0650) on the 30-minute chart. The stock has been consolidating after pulling back from the $0.0975 resistance zone, and the $0.0650 support level is critical to hold for bulls. Seems like it could bounce back up from SMA200. Let's wait for a nice entry confirmation. A clean breakout above the SMA50 could open room for upside momentum. Using UltraAlgo Optimizer to catch the next gorgeous set-up — charting tomorrow’s giants with UltraAlgo.
GIBO is trading below its 50-period SMA (~$0.0800) but above its 200-period SMA (~$0.0650) on the 30-minute chart. The stock has been consolidating after pulling back from the $0.0975 resistance zone, and the $0.0650 support level is critical to hold for bulls. Seems like it could bounce back up from SMA200. Let's wait for a nice entry confirmation. A clean breakout above the SMA50 could open room for upside momentum. Using UltraAlgo Optimizer to catch the next gorgeous set-up — charting tomorrow’s giants with UltraAlgo.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.