GBG 0.00% 2.9¢ gindalbie metals ltd

1.36 and running now, page-43

  1. 1,044 Posts.
    GBG definitely looks like it is going much higher in coming weeks.

    However, I wouldn't be surprised to see it visit $1.10-$1.15 before it starts the next big leg up.

    This is where a nice big gap is now present on the chart.

    It also where the previous main resistance line comes through which (hopefully) should now act as support.

    It is not uncommon for a stock to retrace and respect/bounce off the old resistance line to confirm it has convincingly changed direction.

    Add to this the RSI which is sitting uncomfortably overbought at 75 on today's close.

    So I think there may be further opportunity to accumulate GBG for those who fear they've missed the boat.
 
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