Wave analysis points towards a possible top on the 20th Dec 2017 . From the 9th December 2016 high to the 14th August 2017 low is 248 days then from 14th August low to the projected top at the 20th December equals 128 days totalling 376 days from the 9th December 2016 top to the 20th Dec 2017 projected top a harmonic interval of 1.5 . 376/248 =1.5 the next swing down from the 6th November 2017 to the 22nd November equals 16 days and from the 22nd November low to the projected high 20th December equals 28 days a factor of 1.75 28/16 = 1.75. 2.5 is a strong resist level because it is five times the base price of. 05 and 1.4c support is 1/3 of the high price 4.2 which is why price held this level. If price moves up into the 20th Dec time cycle 3c could be a significant point as it six times the base.
GMC Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held