GSUM can go either direction!

Hello,

What is GSUM?
Gridsum Holding Inc. provides data analysis software for enterprises and government agencies in China. Its proprietary distributed data architecture allows its customers to collect and analyze information; and Gridsum Big Data platform and Gridsum Prophet performs multi-dimensional correlation analysis and analyzes complex real-time events.

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My Thoughts For You
GSUM is trending inside of a channel and mainly holding its price action on the lower support trendline. Keep an eye on the upper and lower supports for which direction the market wants to go. Remember there is always a retest of support or resistance and is best monitored on the 4hr TF for entry.

If you're not sure how to get into a trade or when to take profits then check out this tutorial I have created in the comments section under "My Trade Advice For You"

Good Luck, Cheers!

Be sure to comment, follow, like, and check out my profile for more trade ideas!
Technical IndicatorsTrend AnalysisWave Analysis

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