GCR is currently making a soft landing on the converging 50 and 100 dma's. Last month GCR gapped through the these ma's and has maintained its position above these averages ever since.
IMHO GCR is looking at making an assult on the 200 dma in very near future. The last time GCR went above the 200 dma (June 2006) it rose to 11c in mid August from the June low of 4.1 c.
What's going to fuel GCR over next three months (possibly in order of priority)?
1. Uranium exploration at Mt Isa and Kalgoolie
2. Cargo drill results
3. Parkes drill results
4. Panama exploration
5. Copper Hill
Downside? I think we have already seen it. Tax selloff nearly over and green fields ahead.
Remember DYOR (www.goldencross.com.au)
GC
GCR is currently making a soft landing on the converging 50 and...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.194M | |||
| Open | High | Low | Value | Volume |
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| GCR (ASX) Chart |
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