GOGO: constructive day, lots of + div on the daily

GOGO broke out of a falling wedge today and the TIs are all positively diverging. Have we finally seen the 2/b low? TIs seem to suggest so. The mid-May gap has been filled, so price can go up again, IF it can get passed the black trendline that has held price in check on the upside. IF the bottom is in, then we can start thinking about price areas. Either the 1.00x extension of 1/a, or the 1.618x extension: $22, $27 respectively. Another extension is the 1.382x and then price would target the March price highs at $25s. Time will tell.

GOGO update 08152014

 

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