Gaucho Group Holdings Inc (NASDAQ:VINO) has been beaten down since last month, but at this moment it seems pretty clear that buyers have been waiting in the 4.5-5 range. It looks like the stock is starting to turn back up and all major key momentum indicators are giving the first bullish signs. The MACD is registering a bullish signal as the fast line has crossed above the slow line and the RSI is rising slowly but hasn’t reached the 50% level. The stock needs to close above $5.24 on a daily basis in order to mitigate the negative near term view. Please NOTE: There is an investor conference on Thursday. I'm long.