POG set a low of 1544.35 yesterday, which is the 200 DMA on the Hourly chart, and hence rebounded from there. This fulfilled the target of 1550 mentioned in an earlier post.
Whether 1550 will hold, or POG will drift lower to 1500 next week will depend on today's closing. But first 1520. Chart is not showing a reversal yet so any rebound may be a bear trap. Move forward with caution.
GOR SP broke below the support trend line of the ultimate low of 22 Oct, confirming the bearish sentiment put out yesterday. This has now become the resistance.
What is more worrying is the H&S formed on the Hourly chart. So 1.20 has a higher chance of being reached now. I expect SP to first move sideways within the green zone. Perhaps some good news from the company may lift prices higher from there.
See you at >$2.45, page-115
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Last
$1.90 |
Change
0.000(0.00%) |
Mkt cap ! $2.054B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.90 | $1.87 | $6.734M | 3.598M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11185 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 45172 | 3 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| GOR (ASX) Chart |