GGE 0.00% 0.4¢ grand gulf energy limited

Well I'm happy with 1.8c given the minor extension to results on...

  1. 2,568 Posts.
    Well I'm happy with 1.8c given the minor extension to results on the first drill....support now building nicely at 1.8c of which should provide a nice platform for the next leg up on further positive news.

    Volume relatively low on minor fall back days compared to the 50m+ days on the leg up moves reads as positive IMHO. Also at 1.8c we've made contact again with the Moving Average of which could indicate we're due for another bounce. We've also moved back to the middle of the bollies. With further consolidation and pinching of the bollies over the rest of the week would set us up for a nice advance forward with some positive news for say Monday IMHO. Only concerns are that the MACD is starting to converge (but can quickly change) and RSI is weakening a little (which is now surprise given the recent consolidation on lower volume).

    All good IMHO and the chart should now appear more attractive again for the traders to take another ride :)

 
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