Since listing on 22/11/00 to late 2001, GCN's price was on a downtrend and bottomed at 3.5 cents. Since then, from late 2001 onwards, its price has been trending upward in an upward sloping triangle formation with 4 waves completed while the fifth wave should commence immediately and from close to today's closing. Notice today's closing at 8.4 cents is just above the upward trending support line. In a 5-wave move, the 5th wave is an up wave with final resistance at 16 cents. An upward sloping triangle is traditionally a bullish pattern with the 5th wave being the breakout wave.
GCN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
