GBZ 11.1% 0.8¢ gbm resources limited

Yellow: 21 ema (dynamic support line that we've been putting...

  1. 123 Posts.
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    https://hotcopper.com.au/data/attachments/4254/4254537-54322e29fb940773c122d04803734f18.jpg
    Yellow: 21 ema (dynamic support line that we've been putting higher lows on for months)
    Green: 55 ema (another dynamic support line, used on different time frames such as the 2 week)
    Blue: Tenkan-sen represents the fair value over a shorter time span (9 periods I believe)
    Dark Red: Kijun-sen represents the fair value over a longer time span (26 periods)
    Light Orange: Senkou Span A represents the average between both the Tenkan and the Kijun
    Dark Orange: Senkou Span B represents the 52 period high and low of the security (sorta is as if a 200 MA)

    Either way, this is what I mean by confluence, most of my indicators are telling me this is the strongest area of support. Another thing to note is that when an asset is trading between the tenkan-sen and the kijun-sen, it is said to be in equilibrium which just further hammers the idea that we are in fact in consolidation.
 
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