GRL godolphin resources limited
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Bad day today. 26c needs to hold tomorrow for shorter term...

  1. paschal
    2,541 Posts.
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    05/07/07
    21:55
    Post #: 2597011
    Bad day today. 26c needs to hold tomorrow for shorter term traders, or else we are then looking for a bounce off 24c. Close below 24c would be a sell in the short term imo. EXT is heading up, so maybe they are looking for parity again before GRL can get any higher.

    Its probably not too bad for anybody who got in at around the 18c mark, but those who got in a bit later it will get tight for on this run down of the MACD. Looks like at least another five trading days of weakness before bargain hunting begins. Keep an eye on the weekly MACD histogram as well as its pretty mature now.
    GRL Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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