INR 0.00% 17.5¢ ioneer ltd

GSC - bounce off support

  1. 4,815 Posts.
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    The technical setup looks interesting here for GSC after bouncing off the 15c level of support on Friday after one large seller had finished up. Good to see the stochastics cross over, along with the RSI turning up from oversold levels.

    Looks like we will see a move back to 16.5c first stop, then potentially back to 18c in the short term. I like the fact that the price action has also moved off the lower bollinger band, which can now produce a mean reversion in the price.

    GSC.JPG
    Last edited by 13th: 19/06/17
 
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