GMR- Double Bottom ConfrimedGMR - Bullish and heading for TP1
30 days forecast = TP1
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GMR trade ideas
Is GMR setting up for a base breakout?LSE:GMR is nearing base completion and setting up nicely for a breakout. Price and volume volatility has contracted significantly (ideally one final wave under the pivot point to go). A base breakout above 26.2p would signal a move higher.
Is GMR setting up for a base breakout?LSE:GMR is nearing completion of the base. Price and volume are both contracting (ideally looking for one final contraction under the pivot point). A breakout above 25p is a bullish signal for a surge higher.
GMR with possible late stage VCPLSE:GMR potentially setting up with a late stage VCP. Ascending triangle forming on the right side of the consolidation with decrease in volume over the period. Further price and volume contraction at/under the line of least resistance would complete the VCP set-up. A move through this level on volume with confirmation on subsequent days will confirm the leg higher.
Target for leg higher is 30-32p - a 20-25% gain from the breakout point
