TA feature is low volume sell off followed by sustained low volume consolidation range, a break either way would normally signal a new trend, usually in the same direction as previous trend, for GWR thats up.
Just noticed GWR had not moved with all the other iron ore companies this week probably due to lack of news and spp to be announced (board changes as well??...).
imo one of the better iron ore disoveries with GIR and WDR at the junior end and traders seem to pick up on it today and yesterday. Bullish looking set up now with MACD cross, 5/20dma cross on volume today but would be cautious as sp may not gain traction +80c until spp details are released.
Second possibility is sp is pumped with drill results or resource upgrade, then placement? Not sure why its taken more than 6 weeks to release these details.
GWR Price at posting:
73.0¢ Sentiment: LT Buy Disclosure: Not Held
