Stock in Focus: Global-Estate Resorts (GERI)

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About two months since my first post, Global-Estate Resorts (stock symbol: GERI) has successfully reached the 2.00 psychological level. This is a welcome development for a stock that was stuck in a range for several months.

Philippine Stock Exchange, Global-Estate Resorts_GERI Daily chart, April 3, 2014

GERI Daily chart, April 3, 2014

GERI bulls should keep working as this stock would get back into consolidation if 1.50-1.80 would not hold. This is a critical time when bulls must cement their foothold above the 2.00 psychological level (and try to post new multi-month highs in April or May) to impress their strength upon the bears.

An incomplete ascending trendline could act as support beyond the 2.00 level.

The TRIX Index has rolled over recently and is looking for a potential move back to the zero level.

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

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