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Dec 7, 2022 8:43 AM

GRR Breakout Long

GRANGE RESOURCES LIMITED.ASX

Description

Grange Resources

Ascending triangle breakout indicating a trend reversal.

Bullish signals:
Clear breakout above resistance @ 0.855
MACD trending upwards since September and has risen above histogram 0 point.
SP has risen above 50MA and recently bounced on it
Strong RSI momentum

Bearish Signals:
RSI indicating stock is now overbought
Yellow downtrend line.

Best scenario for me is breaking the yellow trendline and then retracing back towards support where a 30%ish upwards move would be nice.

Two predictions shown by ghost feed.

Thank you


Comments
divo247
i feel it will go down in short term
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