The longer it stays here the better ( even better than going up atm)
Why because the volume of trades is building at this level over time.
The ZONE of SUPPORT is getting broader
eg if the price went to .048 . The last 100 mil shares bought and sold would all be in profit.
Yesterday that price was higher . A few days ago a lot higher.
If price went to .041 .. The last 50 mil shares bought and sold would be in profit ...
OK the these prices ( and also for the 200 mil level ) are all falling atm faster than the share price..
It will not take much to have these prices at or under the present price levels.. Now that is a great position to move up from.. Imagine a person standing with his two feet underneath him. That is great support. Now imagine him standing - leaning more than 45 degrees trying to not fall over !...
GCN atm is moving from the second scenario to the first.
This is how the Technical Position changes. How something dear becomes cheap even though the price may stay the same or even go UP.
That said close was a little weak today. But a fair last three days all in all.
Motorway
support at this price, page-2
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