GMD 0.81% $2.50 genesis minerals limited

Nice to see GMD in some 'rare air' finally breaking the .025...

  1. 667 Posts.
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    Nice to see GMD in some 'rare air' finally breaking the .025 barrier in convincing style! All time record (daily) volume on Friday resulting in all time for the weekly also. Have attached a weekly below, Inverse Head and Shoulder Pattern in play (imo). Hard to ignore the volume (highlighted) in the right shoulder absorbing profit taking from its initial run up + placement shares, before bursting higher! With Broker Data indicating Argonaut selling done, and lack of historical resistance above, TA may be leading the already attractive FA on this one. Aussie gold holding +$,1800 and with plenty of news flow to come.......she looks ready! IMO DYOR
    GMDweekly.png

    Investing.com link-> GMD Technical Analysis

    GLTAH
    Last edited by Lucror: 10/07/16
 
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