GMD 3.70% $2.52 genesis minerals limited

Technical transition phase crossroad. Will it break above...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 196 Posts.
    lightbulb Created with Sketch. 16
    Technical transition phase crossroad.
    Will it break above transition phase ceiling of 1.7 cents? (This would also be breaking a much longer time period resistance line, so would expect higher volume)

    OR will it break below transition phase floor of 1.4 cents? (This fundamentally seems unlikely given the EV is $6 million at 1.4 cents, never underestimate a downtrend though I guess)

    If there's good news on the horizon (short/medium term) then hindsight will show this transition phase period to be a precursor to a high volume upward breakout event. Not investment advice, DYOR.
    Time will tell with great precision the effectiveness of ones views, albeit optimistically forthwith.
 
watchlist Created with Sketch. Add GMD (ASX) to my watchlist
(20min delay)
Last
$2.52
Change
0.090(3.70%)
Mkt cap ! $2.392B
Open High Low Value Volume
$2.51 $2.56 $2.51 $6.419M 2.542M

Buyers (Bids)

No. Vol. Price($)
4 31792 $2.51
 

Sellers (Offers)

Price($) Vol. No.
$2.53 26593 4
View Market Depth
Last trade - 16.10pm 27/11/2024 (20 minute delay) ?
GMD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.