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Chart Industries, Inc.
Short

GTLS Losing Steam

By GlennTrading
Updated
GTLS has a nice upward trend but, it's beginning to lose some of that steam. The bears have taken the Day and the Weekly charts but not the Month or the Quarter yet.

Looking at the pattern with the bearish 222 soldiers in place and knowing that stocks like to retrace pervious support and resistance. This one looks like it may want to retest the 12 day moving average, then the 26 day moving average and quiet possibly the 200 day moving average.

My stop loss for shorts or puts is the yellow line. Whereas, my profit targets are the green and blue lines.
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Once this one makes it to the $163, $162, and $157 marks, I'm thinking it may reverse back into an uptrend.
Chart PatternsTechnical IndicatorsTrend Analysis
GlennTrading
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