I have been keeping an eye on GEV for a while now, seeing if the gap at $0.18c created on October 2017 would get filled with this sustained pull back. I note late last week this has since played out. Picked up a few on market this afternoon and will continue to add to my position where volume permits. I think once we see $0.20 taken out, a move to $0.25 will follow in the short term. I should of been smarter to have standing order on market to absorb some of the volume sold down to the $0.18c mark whilst out of the office last week. However not to be & now have to battle the lack of volume on the offer to try and set a semi decent position.
Liking the setup of the MACD, RSI and Stochastics, all pointing to a move higher in the short term.
GEV Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held