GBG 0.00% 2.9¢ gindalbie metals ltd

any views on why the stock is being punished?, page-30

  1. 17,215 Posts.
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    Thank you for your interest in my work Bossdog...but just to clarify a couple of points. Firstly I did a comparison to OZL and not PRU. Secondly the three failed predictions you speak of are actually all variations on the the one theme...IE the reverse head and shoulders. Technically the pattern did look promising (bullish), and then add to that fundamentally IO prices have been marching upwards relentlessly, the market generally has been bullish for the longest continual period in a long time, GBG seemed to have a good news flow indicating no hitches with the comissioning and was derisking and coming off a low base and the aud was weakening........and despite ALL of that the pattern has failed today. But hey, that's speculation for ya.

    If chartists had all the answers we would not be here, we would lazing on the beach on our own private island... but charting is a very handy tool for picking entry points and target sell points and, sadly, sometimes for cutting losses. That is what I have done today. I have contained a loss.
 
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