Stock in Focus: GMA Network (GMA7)

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Kapuso firm GMA Network (stock symbol: GMA7) started the week well but its steam fizzled out quickly after bumping into 8.50. Price is now threatening to barge through 8.00 and revisit the late-November lows.

GMA7 Daily chart, January 10, 2014

GMA7 Daily chart, January 10, 2014


The TRIX has been on a positive (bullish) formation since that time, and this bullish formation could continue if 8.00 holds during its first test.

Take note of the support and resistance on the chart.

Do you have GMA7 in your portfolio? Share your thoughts below!


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