GMM Chart, page-176

Hi everyone.

Long time reader and first time poster.

Like many of you I'm interested to learn more about technical analysis, especially if it helps me to understand the price movement week to week!

Anyway I thought I'd try and make a contribution by posting my first ever chart (so please be nice).



The bottom indicator is a weekly stochastic with 70/20 overbought/oversold levels applied. It would appear GMM is in a short downtrend towards the 20 level.  My scribbles describe a 50-55c target towards the end of the month.

Would some of the more experienced chartists care to share a thought on my musings?

Have a great weekend all.

GO GMM!