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$GMC Cup and Handle - Watch List

105
GMC has moved up recently on strong volume setting up for a potential C&H, with the pull back to date on relatively low volume there is a reasonable chance that the pull back will reach 50% from top at 1.6c, should the continuation play out the target will be 2.9c representing a 81% upside move from entry. With a stop at 1.3c the downside would be limited to 19% giving a solid risk vs reward
Nota
GMC continues to slide back on low volume, entry level highly likely to be seen in coming days, light volume will confirm entry criteria
Nota
Fell thru entry range on volume, trade concept failed

Penafian

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