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Hi,On the candlestick chart, it looks like a perfect Hammer...

  1. Relexivity
    54 Posts.
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    01/06/09
    19:24
    Post #: 5229245
    Hi,

    On the candlestick chart, it looks like a perfect Hammer (reversal pattern), indicating that the price may start trending up. (They say the smart money close the day's trading - some 27,000 shares went through after the market closed - recovering all the losses for the day)

    Still sitting above the 210d MA, which is flat (maybe rising).

    The recent downward trend may just be the usually pullback that happens after a fairly rapid rise.

    We will know for sure over the next few days.

    [Do not need to discuss fundamentals - they are as always excellent for GIR.]

    Reflexivity
    GIR Price at posting: 66.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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