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.
- Forums
- ASX - By Stock
- GBG
- 1.36 and running now
1.36 and running now, page-43
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online