Yes, I love it when the blue (short term) MMAs fall and bounce off the red (Long Term) MMAs. Note how the blue MMAs are tightly wrapped around the 50 SMA. The Guppy MMAs really do highlight the current trend of an SP. In GRL's case the trend is definitely UP.
Following on with my prior VSA and H&S Pattern chart, an update is provided below.
The neckline of the H&S pattern was finally broken, but the candle that broke above the neckline turned out to be a VSA "Buying Climax". This price volume action has knocked the SP sideways for the time being. GRL will have to break and close on good volume above the 24.5c High of the Buying Climax candle for the current run up to continue. Any move back down, or correction back to the blue MMAs, needs to stop at the neckline and or the Low of the Buying Climax candle (22c). The H&S pattern target of 36c to 37c is still in play. Lets all hope for some good news being released in the near future.
All IMO - good luck everyone.
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