Daily charts

The W chart shows fairly clearly how strong the S levels are for GU, we are however still on lower highs lower lows for the last month from D chart.

GU's engulfing close on Fri stopped at the upper trend line/Wed's high. It can go either way today so the reaction to this area will be the important thing. As often happens an intra day higher low/lower high between the London/US opens may be the key to the days move.