I am seeing no confirmation in the Technicals.What is missing is...

I am seeing no confirmation in the Technicals.

What is missing is an impulsive move.

It really needs to see Buying presure take it to .023 and if all the postive posts here on HC were/are correct.. WE SHOULD BE SEEING THAT..

Right at this moment I see no readiness to move..

In fact selling presure could be what increaes..

The heading of this Thread "technically looking ok" can only be true if .018 proves to continue to be support. A price where buyers will BUY what is or maybe offered.

There is still a base in place
There has been accumulation (IMO)

But not a hint of any urgency on the buy side.

No impulse
No readiness to move
No move to .023 ( Which now is KEY )

At .018 it can imo only be a HOLD
The behavior needs to change to become a BUY

That could be at a higher /Lower or the same price level.

What I need to see is some impulsive urgency come in at some price level.. Else we could just see selling presure build and buyers evaporate. As we have seen many times before.

That is not happening YET
and as long as support at .018 HOLDS

GCN is a HOLD


Motorway