GNX 0.00% 27.5¢ genex power limited

Technical analysis?, page-6

  1. 1,382 Posts.
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    Thanks heaps!

    Have many of their analysis proven to be correct in the past? Can anyone say?

    Looks like they have a breakout predicted sometime within the next 2 months (hopefully this occurs above resistance and not below support).
    If it breaks above the resistance line, using the flagpole there is potential for a bull charge up to > .345 as shown.

    Interesting that sell orders have increased in the last 2 days with about 7.5 million shares on offer between .230 and .255 inclusive...

    I'll keep watching and waiting and stay in for the long game... here's hoping we can push hard break the pennant and if we begin to eat away at .25 and .255 with any momentum we could see .33 within a month or two from when it occurs...

    On the contrary, this could occur on the downside instead if those sellers feel any urgency to sell :/
 
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