UPDATE – ICHIMOKU ANALYSIS ON GLUU MOBILE FROM 2/22/2013

On February 22 we detailed how we would take on a position on GLUU Mobile when it was trading at 2.35. As of today as it is referenced on the chart attached it has busted through the Kumo and is trading at 3.78. Roughly 50% higher. At this point we would exit half the trade for the Long termers and look for a pullback to the Daily KS for an add back. All of our reasons for buying this which were mentioned on Feb 22 are still intact.

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About the Author David Terk