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0.6¢ gulf manganese corporation limited

Good work JWP. Thanks.

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JJY168

282 Posts.

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07/11/17

09:27

Post #: 28559664
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Originally posted by J.W.Pepper ↑

Hey B.B see chart for explanation - I have a support line @ 0.016 but there are 2 upper targets @ 0.026 & 0.029 that could also be hit. We ended the day even with a Bullish spinning top on the chart which indicates "After a long decline or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend". When I posted yesterday that I thought GMC was overbought that was before the buying frenzy just before close, caught me with my pants down as I had sold half my position. From a T.A. point of view we are at cross roads and today will be a good indicator of which direction this will take. I would expect low volumes as Victoria has a public holiday but from experience Cup Day always produces a winner, hope its GMC. Look forward to todays action.
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Good work JWP. Thanks.

GMC Price at posting: 2.3¢ Sentiment: None Disclosure: Held
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