Good volume on a new trend, that started around 10th June. A break of 0.60 is very encouraging. I drew a resistance level from the bottom of that big gap on the 28th of OCt 2002 touching the tops and hanging around .57 yesterday. This is now our support level.
Draw another resistance line from 31/01/02, touching the highes and following the downward slope, you get a possible resisance at 0.70.
But a break of 0.60 on good volume indicates to me that GLB has further to fly and that we really are at the beginning of something a lot bigger.
Guppy MMA showing strength and well seperated,
MACD just turning positive.
Hopefully we will see some follow through tomorrow. If not a consolidation pattern at support levels of 0.57 as a worse case.
good luck holders.
GLB Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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