G88 4.76% 1.0¢ golden mile resources ltd

Guys there are 2 gaps from 26 to 31 and 65-70 Gap wick closed...

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    Guys there are 2 gaps from 26 to 31 and 65-70
    Gap wick closed today at 83.5 and currently above recent downtrend
    Unlike previous days good volume buying and min volume selling. The key is to finish above this retracement line.
    We have touch ema10 and Oscillators have cooled and macd converged. If today is green it will have bounced off. So enables sp to potentially resume upward movement eithough the concept of being overbought. However it does need volume to increase as it has done today and close above the downtrend line - 90.5
    In terms of gaps, of course we have potential for the gap to close. Considering on the weekly and monthly we are grossly overbought however one needs to ascertain whether being obsessed by it it in the short term will cost any gains. We already saw this by people worried about gap at 31 and the gap at 65-70 which saw a move to 1.275.
    I do see your point Stevey but nothing is a guarantee and posters need to be open minded on how it could eventuate.
    Not all gaps need to be filled - have a look at charts from Fmg sya etc - you will c some gaps just not filled and the so has moved 30 bags since.
 
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Last trade - 12.17pm 16/08/2024 (20 minute delay) ?
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