GBN.V 60 Min. P&F Chart

The plagiarists over at stockhouse.com forum for GBN.V are copying and pasting information at random without regard for context to the original posting or the date of the posting, and are not providing a link. They also do not provide any update since that time.

The update for the P&F 60 min. chart is clearly showing a reversal of trend now, without a new P&F signal, but with a bullish price objective of 36¢.

The arbitrageurs in the jitney trade of GBN.V stock making only their commissions day after day and causing risk to their bank's commercial trading accounts know fully well what it means when the long term treasury bond sells off. But in the absence of buyers, they still control the price, regardless of the circumstances.

stockcharts.com

The bullish price objective is commensurate with a 15% decline in long term treasury bond prices, which would result in a share price of 40¢ for GBN.V shares, the 300-day MA of GBN.V on the daily chart. GBN.V shares move 4X the opposite price move in TLT.

As far as I'm concerned, this is a no-brainer that does not require any news release, but that the markets will revert to the mean.

-F6