GOL Duration Period Update

Prior post on duration period for GOL outlined a rise in the stock of GOL from the first week of April to the first week of May for the past six years resulting in positive price motion and gains averaging 24% (chart).

This year disappointed for sure. Taking it to the wire, the week ending May 7 reached a high of 14.35 on a particularly volatile day in the markets, closing at 13.96.

However for statistics sake this indicator did produce a possible 6% gain.

Right now, GOL is set to release earnings tomorrow, May 10.

The prior post outlining the current correction pinpointed todays low so far as possible triangle support but also that a lower low in the present correction could be expected.

I have a very small position started at 13.67 just to be in and will wait for the resolution of the triangle or lower price projections to add as previously stated.

Pecent positive price change, derived from low of first week of April and high of first week of May.
2005 12.20 – 15.75 29%
2006 26.64 – 39.90 49%
2007 26.68 – 29.40 10%
2008 14.87 – 18.08 21%
2009 2.78 – 3.58 28%
2010 11.95 – 13.40 12%
2011 13.49 – 14.35 6.3%

All posts on GOL or any ticker can be gathered using the meta tag at the top of each post.

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