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EarlHoldings

GLV sold off below 50d MA. Next stop 1.7c then 1.2c support.

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GLOBAL OIL & GAS LIMITED (ASX:GLV)  
EarlHoldings  
ASX:GLV   GLOBAL OIL & GAS LIMITED
Trend Analysis Wave Analysis Fundamental Analysis
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trendanalysis waveanalysis fundamental
GLV had some good news several months ago, and went from 2c to 4c in a month. Since then, CR flippers have sold out and there's been a lack of concrete news, with the stock closing below the 50 day moving average. The price today closed below the 200d MA solidly, and indicates some EOY selling most likely. This should keep going to test support arount 1.5c then 1.2c support level.
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