NFTRH+; This stock is breaking a trend line as it takes out the SMA 200

Of course breakouts of this kind fail on occasion. But this is a stock I’ve had a pretty good read on in the past and thought it worth a shot. The hat tip goes to subscriber Joe, who pointed it out to me earlier. For some reason (like human error) it had fallen off my watch list.

The trends are down but GWPH is breaking the channel and the 200 day average. I can’t really measure a target on this one but if the breakout proves successful I think that 150 should be doable.

gwph

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.