next target $1.10 is close to the mark for mine -- uptrend support line since Dec 2008 indicates current support is just about smack on $1.00. The resistance, however, is close to $1.30.
I'm expecting between $1.05 and $1.20 when the indices recover judging by my charts. If we draw support / resistance trend lines since Dec 2008 to encompass 95% of all trades since, i feel $1.05 to $1.20 is the expected current range.
Not many stocks can stave off these GFC corrections....especially when Greece goes bust and Obama weighs in with more bad news. We cant lose faith when our stocks follow suit. Besides, day traders use these times to our (oops...their) advantage.
I'm happy GBG is close to the $1 and the world indices are only just starting to recover from a 10-12% slump. Have bought back in for another ride.
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next target $1.10 is close to the mark for mine -- uptrend...
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