TradingView
Wiz_of_Oz
May 6, 2020 4:10 AM

5GN - In a good space Long

5G NETWORKS LIMITED.ASX

Description

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
M_M_M_M
Good one! it rallied these 2 days and break above $1.08 Thought?
Wiz_of_Oz
@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.
More