GCN 0.00% 0.7¢ goconnect limited

"Generally with a much anticipated launch, you see substantial...

  1. 652 Posts.
    "Generally with a much anticipated launch, you see substantial volume in the lead up days"

    we have had so much selling pressure that possibly to get volume now , buyers may well have to move the price up.
    And there has been some cumulative volume now adding up in a possible base formation.


    So we could get a price rise to or above resistance before we see much more volume.

    News Flow being the life blood in the short term.

    The close on Friday while still keeping it a range. Now makes that range very interesting and suddenly we get the shape of accumulation.. Ultimate support is at .016 .. But there has been some good relative volume at .017 and .017 is the price it has been sitting at and returning to.

    A move to .02 on Monday sets up again the possibility of an uptrend.. A move to .02 and we then see support strong at .019 then it is looking good... If it can then close at 021. Could be on it's way.

    So until then we are in a range (Which is much better than a downtrend )
    But With the two recent moves to .019 now giving the appearance of ACCUMULATION and a possible BASE for some price appreciation.

    Motorway
 
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