Taken from one of the guys on ASX Technical Analysis discussing GRV -
1. Clear down trend in blue line, getting close to breaking
2. Short term o'head resistance at .300 in red line
3. OBV in strong down channel as expected, would like some continued sideways/slight uptick action
4. Green box being filled with candles would be ideal as it stabilised around the .300 mark for a couple/few weeks
5. MACD thrown in there for reversal confirmation, wait for some air between blue and yellow lines hopefully as it touches .300 consistently
6. 1200% in 288 days so definitely a market leader for 12 months gains, this bodes well IMO and it will turn eventually
If # 3, 4 & 5 conditions are met then this would present itself as a low risk/good reward entry.
Taken from one of the guys on ASX Technical Analysis discussing...
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