Tuesday, April 18, 2017

Gallant Venture: Selling seen as per arrows. Price 0.142, more weakness?

Just last week we saw some pretty weak actions with Gallant Venture only at 0.167 and approaching its key support level.

A break down then occurred over the next few days with more sellers returning.

As per arrows drawn last week, it may start to head towards 0.140 where short covering can occur.

We may see a temp technical rebound where it can consolidate from 0.140 to 0.150 before more direction again.

Arrows drawn indeed played out. Nice.  Would want to be careful if 0.140 fails to hold as well....


Recent Emails:

Sent: Monday, April 17, 2017 9:19 AM
Subject: ****** Gallant Venture: Some short covering seen near next crucial support. Price 0.147

Sent: Thursday, April 13, 2017 4:29 PM
Subject: ***** Gallant Venture: Breakdown indeed, cautious, price 0.158

Sent: Wednesday, April 12, 2017 9:50 AM
Subject: ****** Gallant Venture: Cautious of a breakdown below 0.164, price 0.167

For illustration purpose only

No comments:

Post a Comment