This Canadian stock is breaking out to the upside, up over 20% today, but with a lot of upside to the next realistic resistance. My first target point is annotated on the chart. Let me know your thoughts.
Graphene idea GMG, edges of circles and spirals usually are a signal of a trend change or impulse. Look for intersecting lines for volatility as well. All for my own record keeping. Hope TV keeps this one updated and gives me future dates to plan my financial future. my DXY chart stopped in August and shit was just getting good.
Support could be somewhere around the past two big corrections and the 600 day MA.
GMG has been on one hell of a ride, I've been holding this company since before the halt when it was CUSPIS Capital, unfortunately, I sold a majority position way too early once the halt was lifted after nearly 6-7 months. It appears as though the share price is consolidating into a Descending Channel on a log scale chart and more of a falling wedge on a % gain...
GME short squeeze broke a dozen wall street hedgies. Silver's short squeeze has the potential to break governments and the entire financial system. Good luck!
Global recovery is the key theme for the next couple of months and logistic facilities and warehouses are in high demand when more countries are starting to re-open. While GMG has been quiet for the past few months, but its stock appeared to be consolidating and set a great support at $17.51. Comparing with global logistic big bro like CH Robinson Worldwide...
Bearish on Goodman Group $GMG The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. Could we break the descending triangle (shorting opportunity) and retract back to the 200 MA? Well, the more we test the support line, the more likely to break... The MACD, RSI, and CMF are looking terrible. 20, 50 moving...
Heres my set-up for today's entry purchase 1500 units $GMG Goodmam Group on the ASX. Price action shows a consistently strong bullish trend, previous diagonal support and resistance have held, and I'm going off the .786 fib and price oversold. Probability yes, for sure as TA stacks up. However as we all know, possibility is this could go against us. Risk...