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Community Sentiment Bullish in the US for GENE,the ASX equivalent GTG

  1. gamefisherman

    3,591 Posts.
    25
    The following below is an extract from the American Trading Website called stocktwits and GENE, the equivalent of ASX GTG in the US, is currently indicating that 2/3rds of the community are Bullish GENE Please note that the sentiment chart shows the percentage breakdown in bullish and bearish sentiment shared by StockTwits users over time. It is calculated on a rolling, 7 day basis.

    http://stocktwits.com/symbol/GENE?q=GENE


    GENE bullish 3.2.2015.PNG

    Interesting type of Indicator and one that I have not seen before in this format. The market will be the ultimate judge in the end. Going to follow it for a while and see how it correlates to broader market sentiment indicators..Interesting that the same indicator for the NASDAQ composite is presently showing 64% Bullish and 36% Bearish......Will see what happens overnight with GENE in the US and the NASDAQ composite...Hope for a Bullish night, and/or a strong finish to the week in the US markets in general.....A crucial test awaits the markets over the next few days.....Go Bulls.....and fingers crossed....
    If Bears win out, then some quick profit taking will be the order of the day as markets can move downwards very quickly as we have seen in the past and we will see in the future.....Hopefully it is not too soon...?????

    Cheers
    GF

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