GCAP has broke ATH in 2003 after meeting Fibonacci target level 2.618 at 1.295. The share was then enormously dipped to key support at 0.52 and bounce off this level. In our view, the trend is still Bullish. The price has recently broke above a range bound between 0.55 to 0.75. The share is likely to rise further to 1.185 for short term target. A close below 0.52 would change our view to bearish.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Trade closed: target reached