why I sold GOGO today; targets, wave count, technicals.

I sold GOGO today because the 2.000x extension of i is at $17.30. Price hit $17.20 today which is also almost exactly where the 50d SMA runs. In addition, the daily pivot is at $17.08 and the upper BB at $17.55, while the daily RSI(5) is in OB conditions now. Hence, plenty of reasons why, IMHO, upside is  limited. Nonetheless, it counts beautifully as 5-waves up. So, at least for me, time to take a modest profit and see what happens next.

GOGO update 08202014

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