I bought into GRY today as it looks oversold and there are a range of technical factors that tend to converge at the current price:
- Major support level around 85 cents
- RSI <30 on weekly and daily chart
- Bullish convergence pattern forming on the MACD Histogram
Volume today was almost twice the average, I would like to see a bit of a tick up over the next few days. I might have bought it too early but have to jump in at some point.
Cheers
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