Stock Chart Analysis GES

Posted by downtowntrader | 5/20/2007 08:49:00 PM | 2 comments »

Stock Chart Analysis GES

Guess?, Inc. (Public, NYSE:GES)

I highlighted GES a few days ago and my initial analysis still holds. GES has very strong support at 37-38 and it may be ready to break out of this base. It attempted to break out and then fell back into the base. If it can hold here at the 20 sma, then it could attempt another breakout.
Good Trading,

Joey

2 comments

  1. Woodshedder // 4:58 PM  

    I still want to short this, but the chart says GO LONG!

    I might just do that tomorrow.

  2. downtowntrader // 9:28 AM  

    Hey woodshedder,
    This chart isn't a slam dunk by any means, thats for sure. I would say go long here, but if it tests 37-38 one more time it may be through. If anything, the stop is pretty clear this time.
    Good Luck if you take it,

    Joey