recent SP activity appears to be resulting in consolidation/ gap filling between 5-5.5c. Downard trend has broken on upside, with 5c support maintaining. Bollinger looks good, so does 15, 30 and 45 day moving averages. RSI also good.
When (?) GCR decisively breaks 5.5c I would expect the un to 6c to be relatively quick given extent of recent sideways SP movement in July and late Sept - Mid Oct.
All things going well, GCR will break free of this intolerable low with target of 10-11 expected. Looking at 10 year chart, a break above 11c should see a retest of 18c.
Looking forward to better days!!!
gap filling
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