Friday, October 20, 2017

Chart[65] - Golden Energy

The counter saw strong buying volume since mid August. Price up >25% to 0.485. It failed to break up further twice on early September. Its trend is weakening afterwards. Last trading day saw price having small rebound from support 0.425. Looking backwards, price didn't come down with significant selling volume. It suggests that buyer could be waiting for next bargain hunting window. Shall current support hold, price could range bounce between 0.425 to 0.48.
Second chart (weekly base) shows current weak movement might be small correction from its first up moving on mid August. Entry position might present to trader.

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