GATEWAY seem to be breaking out with good volumes. The last major swing high was made by the stock in the first quarter of 2015 so this is a fairly long term breakout. If it sustains, it could be a very rewarding trade. Having said that, this is weekly chart and the candle is still forming as it’s Wednesday at the time of posting this.
Wait till the candle the finished forming and then we can revisit it to confirm if the strength that is visible in price action and volume right now sustains.
Disclaimer: Purpose of this post is to educate. Do your own due diligence for buy/sell decisions.
