One of the stocks that I had on my list this week was $GNRC for a potential Double Bottom. My perspective was that it looked vulnerable though – so I was cautious on it as a bounce play.
Well the market gave me my answer:
A confirmed Hammer is a nice tell for more upside. It got even better for $GNRC as it hopped over the 50 SMA today. Well done Bulls, well done.
graphic at the top courtesy of Investopedia