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.
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.
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