Nice chart Wilfran, not sure if you can surmise too much from...

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WineCollector

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01/08/20

14:59

Post #: 46237410
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Originally posted by wilfran1pm: ↑

Yes, I love it when the blue (short term) MMAs fall and bounce off the red (Long Term) MMAs. Note how the blue MMAs are tightly wrapped around the 50 SMA. The Guppy MMAs really do highlight the current trend of an SP. In GRL's case the trend is definitely UP.

Following on with my prior VSA and H&S Pattern chart, an update is provided below.

The neckline of the H&S pattern was finally broken, but the candle that broke above the neckline turned out to be a VSA "Buying Climax". This price volume action has knocked the SP sideways for the time being. GRL will have to break and close on good volume above the 24.5c High of the Buying Climax candle for the current run up to continue. Any move back down, or correction back to the blue MMAs, needs to stop at the neckline and or the Low of the Buying Climax candle (22c). The H&S pattern target of 36c to 37c is still in play. Lets all hope for some good news being released in the near future.

All IMO - good luck everyone.

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Nice chart Wilfran, not sure if you can surmise too much from Friday with low the relatively low volume. For me its still looking buoyant in that 24-25c range and likely the very bullish gold and copper markets will keep the upward pressure on. WIth an EV of about $10M now, its very hard to resist investing in this with the drilling underway and the previous gold results. Quality stuff.

GRL Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $4.488M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
14	3809749	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	402127	2

View Market Depth

No.	Vol.	Price($)
14	3809749	0.009
8	2410000	0.008
6	1756627	0.007
4	966833	0.006
4	2143699	0.005

Price($)	Vol.	No.
0.010	402127	2
0.011	3033562	5
0.012	1033005	3
0.013	577419	7
0.014	172400	3

Last trade - 12.32pm 25/06/2025 (20 minute delay)

GRL (ASX) Chart

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