GSFC- Closer Look into the zone 71-73 (A Gap)

1 Sep 2016

GSFC had a gap between the zone 71-73 as shown by the thumb. Likely, Price could go in the zone 71-73 to fill the gap.

Unless, Price closes below Gap -one should not think of selling because gaps could be the dynamic support for the market.

If GSFC goes into that zone of 71-73, Traders should watch price action keenly to see the bounce from that zone -once confirmed, then look to initiate long positions as one can go long if GSFC crosses 79 as per previous update- "GSFC- Seller's Paradise 81-83"

Regards,
Abhishek H. Singh, CMT