GCR 0.00% 0.2¢ golden cross resources ltd

the technicalsbounced off 200d EMA (1.6c) - hemned in by the...

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    the technicals

    bounced off 200d EMA (1.6c) - hemned in by the 300d EMA (2.3c)

    SRI downed down to 60 today on higher volume and lower close. but overall trend up (neutreal to slightly overbought)

    MACD moving higher and closing in on 0 from a negative position.

    Perhaps some more work ahead for the SP to bust through 2c. But overall, trend is turning and I am particularly encouraged by the upward inflection in the 100, 200 and 300 s EMA and near neutral RSI combined with rising MACD.

    perhaps a consolidation at 1.7-1.9c for a week or slightly less followed by another charge at 2-2.3c

    News would of course disrupt this progression and I can only think of upside there.

    Holding tight and will consider buying more on the dips. Target 5.7c

    GC

 
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