Short term setup looking encouraging, page-4

Time to revisit the GEV setup as it's looking like it ready for a larger move.

Daily:
Very constructive with a reverse head an shoulders pattern and a 21c neck line, with a measured move likely to take the price to 29c/30c, which also correlates to the 200 day MA. MACD back above the 0 control line and trending positively and also nice to see the RSI has not moved into 'over bought' territory and has further upside head room to go until it reaches this level. Iam expecting a level of resistance at the 24c - 26c level before a larger swing to the 200 day plays out.

Obviously with news flow expected for GEV in the coming weeks as per the recent company updates, this would be the catalysts to see the share price drive higher.


Weekly:
Having a quick look at the weekly setup, also looking encouraging to support a continual move higher, with the share price pushing nicely through SMA resistance. MACD crossing over now on the positive side, since the sell off that started in November last year. RSI moving nicely out of 'oversold territory along with the stochastics - very encouraging right across the board.