Been reading a couple of threads within this section this morning, & Geppy has come up in conversation, encouraging conflicting views whether it's in buy or sell mode at current levels.
Healthy debate is what this game is all about, & how one person or group analyze & prepare their trades is of no interest to me. Conflicting views make markets, so....long live opposing views, I say
Personally, I see Geppy as a short term sell, given the failure to make fresh highs on the recent move outside the month long range zone (228.20 - 234.55).
Mid to longer term?? That greatly depends on it's behaviour as prices begin to threaten the recent 1st line support zone here (237.50-70).
The activity here will offer more clues to it's bias in my view.
238.80, it's near term swing high, will be the next potential lower top on the short term timeframes, & failure to hurdle back beyond this marker will begin to weigh on Geppy.
236.50-70, is definitely the real crux however, as that zone represents critical short-term support on the higher low leg up thru the aforementioned range break.
For those not currently positioned long this pair, maybe a shorter term outlook is more appropriate until it begins to offer further (concrete) directional bias