Wiz_of_Oz
Long

5GN - In a good space

ASX:5GN   5G NETWORKS LIMITED
After dipping down to the 88.6% fib retracement level, it has recovered back to the $0.90c levels. It faces a historical resistance zone near the $1.055 level but once it breaks & closes above that the potential is good. Based on the slow stochastic it is in oversold territory. Wait & Watch
Comment: Not just a bull flag under the long term trendline but also an inverted H&S pattern forming. Fundamentally sound stock with potential of an upside. RSI under control bodes well for a break. Idea is also on twitter. Patience is rewarded with a lesser risk of being wrong, so avoid #FOMO
Comment: Resuming the move up. Potentially new ATHs coming

Comments

Good one! it rallied these 2 days and break above $1.08 Thought?
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Wiz_of_Oz M_M_M_M
@M_M_M_M, All I will say is that it looks pretty bullish. Sorry but I do not make buy or sell recommendations with entry points etc.
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