as you can see we have been in a 5 month downtrend channel. but if you take a step back and especially if you bought in at IPO then we could be at the start of a long term up trend. we have bounced off the uptrend support line 3 times now and at some point in the next three weeks we are either going to break down through the support line I have put in and continue in the downtrend channel or we have a breakout to the upside and continue in the long term uptrend channel which is my prediction.
one thing that I am worried about is the timeframes now being given by yacov. if we don't keep to them there is a gap on the chart at 17.5c. so come on management, you need to deliver.
but if they do deliver, well the upside to this stock is anyone's guess.
GMV Chart, page-1096
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