Goldplat – Exciting business prospects, awaiting bullish break

Goldplat PLC             (LON: GDP) is back to the beat as shown by its latest yearly financial statements. In today’s CEO             interview segment, Gerard Kisbey-Green, CEO             of Goldplat updates viewers regarding company’s projects in Ghana and South Africa and plans to improve productivity at Kenya gold             mine. The main focus now is on potential business opportunities in South America.

Check the CEO             interview segment here - Exciting growth prospects ahead – Goldplat - https://www.youtube.com/watch?v=lSFDMmmxQbE

Daily chart – consolidation

We see that prices are consolidation in a range of 7.00-5.15. A bullish break from the sideways channel would suggest the rally from July 2015 lows has resumed.

On the lower side, a strong support is seen around 5.15. Note that, a bearish break would add credence to the breach of rising trendline and thus increase prospects of a revisit to July 2015 lows.
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