GEV 2.08% 9.8¢ global energy ventures limited

Short term setup looking encouraging, page-12

  1. 1,673 Posts.
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    Nice move back above the 15 day MA today. It will be interesting to see if GEV can go on with it tomorrow and make a move to 24c on its way to testing the 200 day MA at 29c.

    It looks as though the recent volume churn around the 20c-22c mark may be coming to an end and if we get the follow through tomorrow, this will turn the MACD and stochastics positive once more, signalling the next uptrend in play. I like the fact that the RSI hadn't entered 'over bought' territory off the back of the recent move from the low teens, this tells me there's further upside left in GEV before a 'meaningful' pullback.

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