GBZ 0.00% 0.7¢ gbm resources limited

A break of 14c would be very good technically. [ATTACH]...

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    A break of 14c would be very good technically.

    View attachment 3226721

    Coincides with a Fibonacci fairly well.
    MACD is bullish trend and increasing.
    Stochastics still good and on the rise
    RSI bullish and still plenty in it.

    Would see the overhead resistance around 17c. That's the 61.8c which is a key point in the fib world. Extension of breakout is 29c.

    Interestingly the bottom GBZ hit is the 61.8 retrace from highs. Shown below.
    Still learning the old elliot wave theory but would this classify @W3hunter

    View attachment 3226766

    On the longest term view, which IMO is great for fundamental long entries in major commodity cycles.

    View attachment 3226802

    Stochastics turn and RSI turn.
    Thrown a big green heiken and this typically bodes quite well.

    IMHO perhaps not you're get rich quick but a monthly run is the set and forget type.
    the USD/gold chart looks similar in terms of indicators. I'm bullish gold next couple year and the charts there seem to reflect similar.

    SF2TH
 
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