Potential key reversal top detected for GMG

24 Sep 2024

Level of interest: $36.67 area level of interest proved problematic on 22nd July (key support/resistance area to observe).

Stop loss for the trade involving GMG (and indication that this trade is an absolute 'no-go') is any trade above the high of the signal day of 20th September (i.e.: any trade above $37.12).

4 Okt 2024

Trade aktif

UPDATE (week ending 27-Sep): After gapping down on 23rd September, those astute to following price action would have found that other opportunities to enter a potential trade existed later in the day, as well as over the next few days, whilst setting a stop above the high of the signal day of 20th September. The share price eventually closed between the 10 and 30 day MA's at the end of the trading week.

11 Okt 2024

Trading ditutup: stop tercapai

UPDATE (week ending 04-Oct): Stop loss breached on 1st October (remove from watchlist).