GRAM Analysis: Will the Consolidation Break to the Upside?

Jul 5

Hi!

GRAM is currently consolidating inside a well-defined range around $1.74, while testing the descending trendline resistance. This sideways price action suggests the market is building energy for its next move.

A confirmed breakout above the consolidation range could provide a fresh entry opportunity and potentially send price toward the $2.10-$2.12 resistance zone.

As long as GRAM remains inside the rectangle, patience is needed. A strong breakout and close above resistance would be the signal to watch for a move toward $2.1.

Jul 7

Trade active

The price touched the midpoint of the consolidation range.