GRT shows signs of strength over last couple days, rising up to $2.00, before hitting a ceiling and dropping back down to $1.75.
1HR: we actually see the 50 day MA cross up and over the 100 day MA, which is very bullish (if it were to happen on a longer timeframe chart), but the fact it shows up on the 1hour, means we could see something similar on the 4 hour and 1 day charts soon. Price was rejected with not that much volume from the $1.75 price point, and this may be a sign that the price can drop lower.
2 HR: OVerall, we now have higher highs, as the price finally went above the 50MA, which had been rejecting it for a bit of time. We crossed over into bullish territory rising above the previous high, but met stiff resistance as the price was rejected from the 200 day MA, which is well above the price. The price drops down to meet the 100 day MA, and seems to want to bounce, but is not showing much volume. The next level down looks likely.
4HR: On the 4 hour the case for a new bullish movement is made. We can see the price supported by the 200MA at $1.44, with some strong volume, and the price rose above the previous high. Price continued up and past the 50MA, until the 100MA rejected it finally, and we are now settling back down by the 50MA retesting. If we break downwards, we will have another bounce off the 200MA and this will be very bullish.
1Day: On the 1 Day chart, things become the clearest, as we see a sideways pennant form, considered to be an extension pattern of the previous trend, this is a bullish indicator. GRT is consolidating and grabbing full support along the way, this looks like its shaping up to make another big run.
1Day: On the 1 Day chart, things become the clearest, as we see a sideways pennant form, considered to be an extension pattern of the previous trend, this is a bullish indicator. GRT is consolidating and grabbing full support along the way, this looks like its shaping up to make another big run.
