GCN 0.00% 0.7¢ goconnect limited

"We have in the main urgent sellerscontinual reaching for the...

  1. 652 Posts.
    "We have in the main urgent sellers
    continual reaching for the bid and yes there are bids.

    While this is the situation what means "OVERSOLD"

    The move down from the swing high contains getting on to 200 mil shares traded.

    Something really changed at around the .041 level.

    At least three things could have happened..

    But this move down is a significant move down !

    One thing for certain the move down will end !
    All this ( this ! ) selling - Supply will have been met.

    Will then just leave the buyers ( net buyers , They will if they want more have to reach up to the sellers then. So far they want )

    At what price will it stop going down ?
    When the last urgent seller Sells.

    With that in mind

    .032 looks very possible
    If that breaks and more selling==> .021 could be a chance.


    But anywhere in between
    It happens when it happens !

    Motorway"


    High probability
    It has Happened

    Already valid Buy opportunities

    We have had a turning Point
    Just Need Confirmation of the UPTREND now
    We see then how far..

    Technical Targets to gauge..

    .045
    then .051

    Then depends on what energy it picks up along the way !

    Obviously Void if falls back to or esp below .025

    Note ==> There are over 300 million shares traded from that swing high now

    Motorway
 
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