GDN 0.00% 1.7¢ golden state resources limited

hi on the chart the eom indicator is moving up and sitting just...

  1. 642 Posts.
    hi on the chart the eom indicator is moving up and sitting just below the 0 line at the moment and with any move up tomorow is likely to cross above it.

    Also reading about gaps and the exhaustion gap it seems that could be what today might have been.

    http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysi

    The link above talks about the gap it says its almost like a state of panic after a long down trend which gdn has seen from 21 cents. High volume also adds to it being possibly a exhaustion gap too.

    Just thought might be of interest since it might be showing a bounce should happen this week hopefully.
 
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