So, as mentioned last week, the first hurtle will be the short tern resistance level of .25 cents. Given that long, medium and short term support are all presently set at .24 this does not seem like a significant challenge.

After the bell on Monday analysts would have observed that the MACD crossed over into bullish territory accompanied by the 21 day moving average which also supported a bullish fast stochastic signal.

So all and all Monday looks to have been the beginning of an up trend which is consistent with all of GWG's previous December seasonal trades. A close today above .25 and the next major resistance level is way up a .39 cents, this should create a pretty wide trading range for a while.

 

Jailtrader