Not a Flag. Megaphone maybe...megaphone pattern itself is neither strictly bullish nor bearish. It's considered a neutral pattern indicating increased volatility and indecision in the market.
The top of the Megaphone being the overhead resistance that is proving to be tougher than expected... A sustained break above $3.38 will signal a breakout. The Stoch/RSI at 4.99/5.70 is screaming oversold. Good to note that volume have not been there this week. If GMD can trade in line or above the usual volume and GMD SP will be against that overhead resistance in no time at all.
Gold AUD looking great and just had an ALL Time High in the previous session. Gold USD not far behind and both definitely above the 20 Day EMA which should provide a tailwind for GMD.
Not a Flag. Megaphone maybe...megaphone pattern itself is...
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Last
$4.34 |
Change
-0.010(0.23%) |
Mkt cap ! $4.905B | |||
| Open | High | Low | Value | Volume |
| $4.43 | $4.48 | $4.29 | $17.39M | 3.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8924 | $4.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.35 | 18492 | 1 |
View Market Depth
| Last trade - 16.13pm 27/06/2025 (20 minute delay) ? |
| GMD (ASX) Chart |