Hey guys, i just wanted to let everyone know what im looking at. For those who dont know, the purple line (200 Simple Moving Average) is a very basic lagging indicator to distinguish a consolidation phase or topping process (flattening line), bull market (rising line) or bear market (falling line). If you look at a lot of profitable companies you will see this indicator and the 4 stages i have mentioned. I dont use this to trade often, but more to give me confidence in a hold. i.e. it is clearly pointing up and thus we are in a new bull market. In saying that, price could go to 10c, no one knows, but im just saying that i would love it if over the next month or two, the 200SMA reaches the price and then it shoots up for the next leg.
I feel this chart is looking very good. But that is just my humble opinion and you should never trade based on that. LOL
Great companies take time to spike, they have to consolidate gains and we have an even bigger advantage that there arent many shares available outside the top 20 when we do start moving.
If you check out https://www.shortman.com.au/stock?q=gwr there are an insignificant amount of shares shorted too as the shorters know that this thing could fly if ANY good news comes out - like it did in Sept and Dec.
GWR Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
