GCR appears to be in the early stages of an uptrend.
Yesterday's rise through the previous resistance, (hopefully now support), was followed up with a higher high & then a 50% Fibonacci retracement, (to the new support), & then a return to yesterday's closing level.
The MACD line gave a buy signal yesterday when it crossed up through the centerline, (zero).
The MACD Histogram shows rising positive momentum.
The ADX passing up through the -DMI was another buy signal given yesterday. This indicates the start of an up trend.
Volume in the last 2 days is the highest in almost 3 months.
IMO, DYOR
Regards
Chalea
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