Having sold a few stocks a month ago I have been in the rare but fortunate position of being "cashed up" whilst the retrace has been going on. With so many decent stocks to choose from it's been a tough choice but have finally bought into GBG on Tuesday. Mainly because it looked to have been clearly oversold on nothing more than a few general market gitters. A nice return already and the future is looks pretty good given the clear support from Ansteel.
Looking at my chart, I see a bandwidth trend that the current SP is sitting under at the moment so with a return to "normality" I expect to see a trading range between 105 and 125 resume shortly. If the trend continues then we should see 150 by June assuming no other major announcements before then. (are we expecting any?)
Great to be on board.
Having sold a few stocks a month ago I have been in the rare but...
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