G88 gearing up for some big moves anytime before Christmas GoldG88 is riding above the well respected 100SMA after crossing above for the first time in July this year for a long 2 years.
I see this ascending triangle ticking along until Dec 31 at the latest but with XAUUSD Gold price movement lately this move could come a'lot sooner.
Option 1 - G88 keeps riding the upward trend until popping through the 9c resistance. From there on I expect 13c will be the first stop.
Option 2 - We get a rejection and fall below the rising trend and drop down to test previous 5c support.
Accumulating a healthy holding of these guys but making sure to keep a tight stop loss set. Markets are volatile at the moment... Plenty of money to be made but make sure to secure you're profits and not get too cocky.
G88 trade ideas
G88.ASX - Price and volume breakout1. Share prices broke out above the 200 moving average with supporting volume on Friday 23-2-2018 and managed to close the trading session at 0.755 up by 11.85%
2. If prices can hold above 0.75 support then the next resistance is at around 0.895
3. failure could see prices fall to around 0.615
