GOL could be good for a quick 7% from current levels as it has gapped above this 60 min downtrend line today and could fill that gap to the 6.48 area in the next few days. an idea stop would be under the 5.99 area which gives this trade about a 6:1 R/R (risk/return ratio). again, be aware if taking any longs at this point, that the primary indexes are sitting right on or just below resistance so depending on how a trader is currently positioned, he/she could be objectively adding shorts here at resistance, with stops not far above or taking some longs are pure plays if you think the market will go higher or as hedges to to mitigate your current short exposure.
