Mr Asia
Have a look at the long term (5-10 year) chart.
It would seem that the SP is under pressure due to multi-year descending wedge formation.
2-2.2c is the decedning line of resistance.
GCR needs to push through this resistance to take it up and away. News, company making news, is required.
Its a little way off IMHO and sadly I think we may have to endure mid 1c range again.
I have completely sold out on the basis of technical analysis. The 6 million shares I had are now in free circulation and perhaps in weaker hands than mine (although I cannot make such claims anymore as I sold out).
Capital raising may also be required in next 6 months.
Too much pressure on SP for short- medium term. I am considering a buy at 1.4-1.5c sorry to say.
GC
Mr AsiaHave a look at the long term (5-10 year) chart.It would...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GCR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.195M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 19591460 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 95000 | 2 |
View Market Depth
| Last trade - 16.12pm 28/06/2024 (20 minute delay) ? |
| GCR (ASX) Chart |
Day chart unavailable