Potential key reversal top detected for GMG
Updated
Level of interest: $36.67 area level of interest proved problematic on 22nd July (key support/resistance area to observe).
Stop loss for the trade involving
GMG (and indication that this trade is an absolute 'no-go') is any trade above the high of the signal day of 20th September (i.e.: any trade above $37.12).
Stop loss for the trade involving
GMG (and indication that this trade is an absolute 'no-go') is any trade above the high of the signal day of 20th September (i.e.: any trade above $37.12).Trade active
UPDATE (week ending 27-Sep): After gapping down on 23rd September, those astute to following price action would have found that other opportunities to enter a potential trade existed later in the day, as well as over the next few days, whilst setting a stop above the high of the signal day of 20th September. The share price eventually closed between the 10 and 30 day MA's at the end of the trading week.Trade closed: stop reached
UPDATE (week ending 04-Oct): Stop loss breached on 1st October (remove from watchlist).
Detailed commentary about these trades available here (Stocks and bonds - scan results timestamped in comments; Crypto discussed too):
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw
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youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw
Like/subscribe for the latest!
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