nice consolidation , page-2

From a technical perspective, I don't disagree with this at all (although I would like to see a bit more ranging around the 27-28 cent level before the next leg up).

The greater problem with analysing GRR's price movements is that there is at least one event which could trump any technical analysis - an announcement of a JV/way forward on Southdown. While this is true to at least some extent with all listed companies, in the case of GRR it is a "known unknown" rather than an "unknown unknown". For my part, I would expect the announcement of a favourable announcement on Southdown to cause a large gap up from present levels.

I guess what I am inelegantly trying to say is that for this company I place greater reliance on (i) fundamentals and (ii) patience that I do on (iii) technical analysis.

Happy to hear views from people who are better at TA than me.