$GLT– Basic materials play

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Updated: 24 February 2020

$GLT – Glatfelter Inc. is an interesting company with a technical chart. It has a great chart that might represent a great spot for a mid term buy opportunity. Its reaction vs the market on Friday was good. Take note that the company is a thin traded one its better to use limit orders to load and unload the position. I would consider a position in the 15.80 – 16.20 area with a 30min setup.

$GLT reported on 6th of February

Disclaimer: These are not buy or sell recommendations so always make sure you process the information and take trade decisions at your own responsibilities. Always do you own due diligence and do not risk more than 1% per any given trade.