Potential outside week and potential bullish breakout for GMD

Nov 25, 2023As noted in the latest video update for week ended 17-Nov (apologies for the delayed publishing of these details - another hectic week), GMD represents a potential bullish opportunity should momentum continue and higher highs be made to confirm the outside week. Stop loss for the trade would be below the low of the confirmed outside week, should it confirm (i.e.: below the low of $1.405 from 14th November).

Nov 25, 2023

Comment

Price action was noted to be 'bar-coding' and struggling to reach further intraday highs against resistance of $1.69 (from 13th September) on Wednesday 22nd November - an interesting price level to observe.

Dec 2, 2023

Comment

Further update provided in the latest weekly video update for the week ended 24-Nov.

Dec 6, 2023

Comment

Further update provided in the latest weekly video update for the week ended 01-Dec.

Dec 15, 2023

Comment

Further update provided in the latest weekly video update for the week ended 08-Dec.

Dec 21, 2023

Comment

Further update provided in the latest weekly video update for the week ended 15-Dec, with specific reference to strong bounce off prior support and resistance levels forming a clear channel of trading range.

Dec 26, 2023

Comment

Further update provided in the latest weekly video update for the week ended 22-Dec.

Jan 5

Comment

Further update provided in the latest weekly video update for the week ended 29-Dec.

Jan 11

Comment

As discussed in the latest weekly video update for the week ended 05-Jan, share price has now closed below 10 and 30 day MA's at end of week - caution warranted, considering support level of $1.65 from 23-Nov now being tested from downside (depending on risk tolerance; remove from watchlist).