Goodrich Petroleum (GDP) close to bottom of upward channel

5 באוג׳ 2014

Goodrich Petroleum close to bottom resistance of the upward channel. I propose long entry at about 14.85. First stop is quite aggressive at 12.50 (small position) and 2nd stop less so at 11.54 (bulk of trade).

History shows that ETA to 2nd profit target is about 100days from entry date.