Strong bullish engulfing candle on the weekly timeframe at area of historic strong support for GFINITY. RSI rising. Trading update due in next 2 weeks with HY accounts due out by 2nd week in March. All indications from the company are that they are seeing enormous growth in the digital media side of their business. Monthly Active Users growing exponentially as...
Positive trading update anticipated end January. All warrants now exercised which have caused a drag on share price. Revenues surpassing expectations, records being broke for monthly active users. MACD divergence still in play on daily timeframe. Broker target 9.5p and expecting compound annual growth of 43%. Huge upside from here!
Since the 15th of November the price of Gfinity started testing all the supports that have consolidated for the last couple of months. Unfortunately even if still receiving high average volume the news of the ADJUSTED EBITDA LOSS of -2.3 MILLION and the operating loss of 50 % to -2.7 million had hit the price. As per chart: the price seems to go to test the...
Looking at a weekly time frame It's noticeable what GFIN is doing since 2015 alternating an accumulation phase , mark up, distribution , mark down and back to accumulation phase. We had the Spring ( Lowest price in March 2020 with £0.30) followed by the accumulation phase until now. The main supports I've identified are at: £3.30 and £3.60 ( where possibly...
Hello fellow reader I'm posting my second idea on Gfinity. I feel the first lacked the proper quality and did not tell the story as I had in my mind. Please let's start over. We can see there is a clear uptrend from March 20. We can see the share price almost zigzags along said trend. We can also see the high on 26 Jan 21. I'm unable to have RSI set up on my...
From the chart, it can be clearly seen where trendlines are including support/resistance. We can see a descending horizontal wedge type pattern (sorry don't know technical name). Keep eye on next few days price action to determine whether downtrend resistance line breaks, indicating bullish reversal. Let me know of any comments. NB First chart publish. Total...
using the last 3 high volume traded levels with a fib extension
LSE:GFIN GFINITY is currently in a contracting period of volatility and consolidation with higher highs and lower lows. Further consolidation expected with reducing volatility. A close above 4.30p on strong volume will confirm a move higher toward 7p - 100% gain from current levels.
T30 setup in the action zone with higher than normal vol