A ChartCoach follower requested an analysis on Gladstone Commercial Corporation (GOOD). GOOD was in a bullish trend since 1-June; however, the support Trendline was broken on 19-October at $18.35. The stock is broken and it should retest the $17.00 Tier 1 level in the near future. $17.00 would be a target price to add more shares to your portfolio. Or lock in profits now and re-initiate a position at $17.00. Or short sale at the current levels and if you believe it will retest $17.00, one can see if it can hold the Tier 1 level and see if it breaks further.
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