gillman_hugh

GNX Breakout??

Long
ASX:GNX   GENEX POWER LIMITED
GNX has just broke its downtrend line on increasing Bull Volume . Its slowly creeping over the 16,36 ema's on the daily (usually used as support) with a Bull MACD cross also on Daily.

Look for breakout of .305 on good volume

Continuation here will keep the Weekly lower highs intact and continue the Bull run.

Be wary of Daily RSI as we may see it get extended into the over bought range on a good move with solid volume . This would probably bring us more inline with T2 on the chart before some consolidation.

T3 is long term target.

Trade active: GNX Weekly higher low's.. Decreasing Bear volume.

Comment: Potential Breakout..
Comment:

Comments