All indications are positive for an UPSIDE price breakout this coming week.
If it should break to the downside we have two levels of support:
1: The previous low.
2. The previous trend support.
There of course is the lowest low support that can be seen on the chart.
As this is posted the TSX INDEX is down 70 points. This gaming stock still showed strength and was up 3.75%.
It's been continually making higher trading ranges and there still appears to be no signs of stopping it.
Guyana Goldfields has just broken through it's February and March Resistance.The breakout occurring at the bottom of the recent channel along with the DMI/ ADX pattern seems to indicate that a continued upward move is likely.
The pattern will fail if a closing price goes lower than the recent channel.