GTHX has been trading in a range for a while, and seems to have bottomed. The weekly MACD has done a bullish cross, and I think there is a good chance that it will breakout of its range toward the volume areas I have marked. I have plotted the price action that took place the last time it left this range.
I think there is a reasonable chance that it hits ~$15, but the price targets in order are ~$13, ~$15, ~$21, ~$25.
Personally I am long @$9.68, and may look to trim at $13 and $15, all of course depending on the price action and overall market.
I think there is a reasonable chance that it hits ~$15, but the price targets in order are ~$13, ~$15, ~$21, ~$25.
Personally I am long @$9.68, and may look to trim at $13 and $15, all of course depending on the price action and overall market.