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...
GENEX POWER LIMITED
BUY ZONE .27-.29 CENT
SELL ZONE .34-36 CENT
20% profit target.
RELOAD @ .30 CENT looking for equilibrium pattern with lower highs and higher lows before another break in a couple of months.
Bullish Indicators
RSI historically bounces from this level
CCI has turned bullish on the daily and looks like its turning on the Weekly
Bear Volume...
GNX broke out of a weekly penant on 20/10/17 followed by a 70% run to an ath of 42c. Pulled back to the 20 day; now forming right side base on low vol right on weekly 212 fib ext. Looking for a swing into 361.8/461.8 ext/50c area.
