Was reading a good article on CGG and thought i would have a look for a good entry point, from the analysis of the chart i would look for an entry at around 0.34c for a safer entry point, but if the stochastics were to have a good cross prior to this point i may be inclined to jump on above this level... depending.
Well thought i would share the Chart, Feedback Welcome. And i would say i would set my target for the 0.44c Mark for the Short term trades. with a stop at .25/.26c for the more risk tolerant or if you want to keep them tight i would stop at .29/.28 (marabuzo line) this is if it reached my target entry point not the currency stops.
another thing i forgot to mention is it is also possible that it could support on the 14EMA it has on the previous retraces so could be ready for a leg up now for you that already hold, but im happy to wait :) Enjoy :)
CGG Price at posting:
35.3¢ Sentiment: LT Buy Disclosure: Not Held
