GNX 2.38% 21.5¢ genex power limited

Let me start this comment with 'I am not a technical...

  1. 595 Posts.
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    Let me start this comment with 'I am not a technical trader'...


    However, here is my chart

    https://hotcopper.com.au/data/attachments/1306/1306874-283b63b83e47e49447ac431bb15f8073.jpg


    This is what I see:

    • Our "local" trend is downward - but not by much.
    • Support line around 26 cents has been tested a lot - but that seems to be roughly where the market turns for us
    • Volumes are pretty 'meh'
    • There is definite resistance around 29-30 cents


    What do I think it means:

    • volumes are too low to support a conclusion - GNX is simply not a liquid stock
    • GNX is a spec stock with a fabulous project and great prospects.


    What do I intend to do:

    • Acquire the dips with fresh cash - no margin anywhere near my portfolio.
 
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Currently unlisted public company.

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