GEMS must be back on 3 SOF portfolio

I've made a profitable trade on GEMS, but I sold too soon, when the stock reached a technical target.

GEMS kept on climbing and forming a pretty steady medium term bullish uptrend:

I was watching it rise from the sidelines, thinking I had to buy back these shares, but not taking action. Well, now that the stock closed above a medium term resistance around the $4.3 level I simply can't ignore it anymore and I need to jump on board:

I know what you're thinking: «but it's up so much now, shouldn't David wait for a pullback to buy?». I don't think I should wait for a pullback, it's is impossible to accurately predict if profit taking or short term weakness will hit GEMS at this point. What I know is the trend is bullish and a resistance has been broken, so I need to have a position in this stock.

For everyone thinking it just rose too much, take a look at this historical chart:

Changed your mind?

I see insiders are buying stock, I'll buy too !

(This analysis was part of the Top 10 for Tuesday thread. At the end of the thread I've decided to buy GEMS for the 3 Stocks on Fire Portfolio)

I've started this new thread so later I can update the GEMS analysis everyday after the close until I sell the stock.