Below is a sensational setup!
GBG has obeyed some rock solid technical rules and is fast becoming a favourite of mine!
Technically: Recent 50% Fib. retracement is text book material! I am hoping it holds (nothing guaranteed), but 61.8% kicks in around 55c for additional support, plus a multi-year support trendline if lower levels are visited around 52c!
Not saying it can't go lower - it can if it is pushed that way, and I expect it will be choppy around the 60's and early 70's. However, a push through that double top (~78-79c) will ensure some nice future moves north for GBG later this year!
Fundamentally: Share price 61c. Market cap. (fully diluted) $266 million. NPAT (08) $14.2 million, (09) $41.5 million, (10) $173 million. Valuation of +$1. Source:Hartleys Broker Note 24th of Jan 2007.
http://www.gindalbie.com.au/files/broker_reports-75-070124_Hartleys_January_2007.pdf
GBG is looking at some serious growth over the next 2-3 years.
Happy Trading! Feel the Bourse!
- Forums
- ASX - By Stock
- GBG
- tecnhical brilliance
tecnhical brilliance
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online