technically looks the goods

Hi all

GMM looks the goods technically imo.

I have a MACD on the daily just crossed up and about to head above the 0 line. Looking good on the weekly too about to move into positive territory! :)

Stoich looks to be turning positive too and RSI heading up, but I have seen it stay up with GMM.

I have a short term breakout but it lacks the volume so not confirmed yet which I think today will bring. With volume and a price rise in the short term im sure the Parabolic SAR will also give a buy signal which I find, works quite well with GMM.

Hopefully this rise will be a little more sustained this time as shares could well have moved from weak hands to stronger hands after the last strong move. Your patience will be rewarded with that play Im sure.

With a MC of under 10m and talk from management of Mongolian asset potential this is a great opportunity and I think we may be looking at the next HOR or FMJ imho?

Even at an SP of 50c GMM has a MC of only 24m!!! Only 47m shares on issue so when it moves, imo it will move strongly.

Is today the day GMM moves??. Looks like a perfect set up to me as ASX set to open up positive with some momentum. Reasonable buying pressure lately, just not the volume...yet.

DYOR.

Cheers