G6M 0.00% 2.5¢ group 6 metals limited

G6M - Charts, Chat & News, page-186

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    @SPFtrader here's the updated chart. It certainly did explode out of that coiling base back in early April, a +50% move in only a few days and +80% move by mid May. Pretty rare to see those tight sideways consolidations but when they happen they can be explosive! Its been in a consolidation/corrective phase since that mid May high and has just broken out of a descending triangle pattern, but not very convincingly. Needs to bounce from here and break the resistance created by the double top on the MACD. Saw a similar double top on the MACD last year (when the share price got into the 30s) which the chart couldn't break. Hope it can get on with it this time but still a bit of work to do.

    upload_2022-8-15_21-27-49.png
 
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