Bassy I take it your question concerning the 61.80% fib on the short term thread was to do with GCN so I'll give you an updated analysis. Although not much has changed.
Previous analysis.
A. = Most recent zone holding price at bay coinciding with the 62.00% Fib.
For the above targets to be hit it is obvious that A + B need to be broken first.
A. needs to be broken not breached. At present the yellow ellipse, and look at the chart posted 2 months ago. That yellow ellipse is in the exact same spot. So 0.048 is major resistance. This needs some major news to break that barrier. The company receiving an income would be one such announcement that would bust that barrier easily. At present the chart still looks good and as I said previously if the triangle pattern would hold you'd see this higher. You have. Break the 62.00% you will also see it much higher.
GCN Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held
