GCR golden cross resources ltd

accumulation

  1. 4,618 Posts.
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    Recent SP increase and volume indicative of careful accumulation. SP trading above 50 day moving average and currently at 200 day moving average. A decisive move above 5.4c would indicate a trend reversal with short term target of 6.4c.

    GCR is not yet out of the woods, but it appears that the market is currently rerating this stock - probably as a consequence of the uranium announcement. Do I recommend a buy - no because thats for you to decide, but should it trade above 5.4c for more than two consecutive days then I will be buying more.

    GC
 
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