Hi,
If you look at a daily chart, you will see that GRY is making a very deep rounding bottom pattern that commenced on the downward slide from around October 2012.
The first upside target for GRY is the old Oct. high of 99 cents based on a full completion of the current pattern formation. Using time analysis, this could be reached around May next year.
Standard T.A. tells us that the second long term target is the difference between the old high and the recent low. In round figures this give GRY a long term target near $1.70.
Too optimistic? Possibly. I'm not saying it will get there, I am only sprouting the sort of analysis you read in T.A. books.
DYOR.
Looks like a good speccy
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Hi,If you look at a daily chart, you will see that GRY is making...
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