Despite any fundamental misgivings anyone has had about this stock I still think the chart is set to go whooshka.
On this chart I have put the 50 day exponential moving average. We can see that since September and since the reverse H&S has been forming that GBG has encountered the 50 day ema from the underside 5 times. Twice it was turned back as the resistance was too strong and twice it broke through...we are now there for a 5th time. The two time that it broke through it did tarry for several days at the 50 but when it did break through it did so with a "whooskha". We have been tarrying again at the 50 but yesterday we "explored" the other side of the 50 and saw the highest price since the recent bottom has been forming. We also saw a rise in volume.
IMHO (and it is only my opinion) GBG is set to go whooskha on Monday with either a gap up or a long green daily candle or both and we shall likely see a decisive break through the 50 to the upside. What I believe will get us over the line is that the whole world went "whooskha" last night. The Dow Jones went "whooskha" and IO and base metals prices also went a bit "whooskha" as well. Next resistance is 34c.
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