gbg forms bullish continuation wedge

Alright, here is something most of you want to hear:

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A "Continuation Wedge (Bullish)" chart pattern formed on Gindalbie Metals Ltd (GBG on ASX). This bullish signal indicates that the stock price may rise from the close of 0.86 to the range of 1.19 - 1.27. The pattern formed over 28 days which is roughly the period of time in which the target price range may be achieved.

A Continuation Wedge (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. Prices edge steadily lower in a converging pattern i.e. there are lower highs and lower lows. The technical event occurs when prices break above the upper trendline, thereby confirming the pattern.

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Get your orders in bright and early :) We really need some buy orders.