daomor

daomor

I am turning bearish on GAW, and believe at least in the short term it will start heading down. My investigation tells me the share price is overvalued against competitors, and could see the price go down even further. Some estimations on which levels we might see resistance at are shown on the graph as horizontal lines.

daomor

The daily stochastic and RSI seem to point to a bounce soon, and there will likely be much resistance at the 1552 mark. Considering it’s oversold when looking at the daily. I wouldn’t expect it to drop below 1552. So I am suggesting a new bull run to ensue shortly. I'm no expert, so take what I say with a pinch of salt :) Cheers.

daomor

I am fairly new to trading so take what I say with a pinch of salt! But I see a falling wedge pattern and a possible break out very soon. The daily RSI , Stochastics and MACD indicators seem to support this idea.