Cookie Policy

Chartsview Blog

The Latest Blogs from Chartsview

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Archives
    Archives Contains a list of blog posts that were created previously.
  • Login

GDL daily 08/05/13

by in ChartsView Blog:
  • Font size: Larger Smaller
  • Hits: 2917
  • Subscribe to this entry
  • Print
This closed with a hammer at the symmetrical triangle support yesterday.

The RSI uptrend, which formed from a long term bullish divergence, also provided support yesterday and these two factors suggest a move up. The triangle appears to have 5 complete waves inside it which fits nicely with Elliott Wave Theory so it will be interesting to see what happens at the downtrend resistance which sits just under 26p today (falling daily).

I've gone long on this with a stop below the hammer low of 21p.
Trackback URL for this blog entry.


  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Monday, 16 May 2022