GMC has moved up recently on strong volume setting up for a potential C&H, with the pull back to date on relatively low volume there is a reasonable chance that the pull back will reach 50% from top at 1.6c, should the continuation play out the target will be 2.9c representing a 81% upside move from entry. With a stop at 1.3c the downside would be limited to 19% giving a solid risk vs reward
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GMC continues to slide back on low volume, entry level highly likely to be seen in coming days, light volume will confirm entry criteria
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Fell thru entry range on volume, trade concept failed
My target is based on the depth of the cup from the anticipated breakout point. 1.6+1.3=2.9. Stop target is based on the first failure point to minimise downside risk