GSH: Rally can still continue above 0.36... But to be honest it's a bit higher than it was at 0.27 two months ago where we were alerted.... :)

GSH has been consolidating from 0.30 to 0.35 over the past 2 weeks and today we are seeing some actions again with it trying to push higher above 0.36.

Some selling pressure seen from 0.35 – 0.36.

Moving averages are still pointing towards a reversal as long as long 0.30 holds still.

We have seen a pretty good recovery compared to 2 months ago when it was below 0.26….

And then FINALLY A BOOM!!! And a huge RALLY UP !!!!!

A 1ET BULLISH ENTRY SIGNAL 2 MONTHS AGO actually….  Just before it BOOMED…..

See below the chart to understand…..

Can the upside continue?  NO EXITS YET…..

Heck, We just protect our profits…..

*** Monitor - Short Term Speculative Trade: GSH Corp. Share price 0.080. (Not for holding, short term with tight stop loss)

GSH has just tested and broken the 0.08 psychological resistance level. At this level, it has also just crossed above BOTH the 20 DAY MA (Green line) and the 200 DAY MA (Dotted blue line), which can signal short term uptrend in placed. More confirmation needed though and it has to cross 0.081 and 0.082 for more serious buyers to bring it higher. If that happens, short term target to 0.084 then 0.09. Currently at Top 5 Volume. If it stays and closes above 0.08, more potential upside possible and new support at 0.08.

Stop loss at 0.076 tightly

 

Breakout for GSH. Share price 0.123. Potential trade setup.

Press release on GSH today -  Lippo and private equity fund, SkyVen, subscribe 395 million shares in GSH Corp for $37.5 million. Has broken above the consolidation phase of 0.110. Has been trading side since April last year till today. A clear breakout seen today on new shares placement agreement. TOP volume seen currently. Support remains at 0.11 strongly for the longer term investors. Opened at 0.122 today on gapped up.

More upside possible, immediate target to 0.130 psychological resistance level. A break above 0.130 can see it go up to 0.14 to 0.16. Note that the High in April last year was 0.158. A pretty decent gap to close.

Stop loss at 0.118

GSH CORP CHART - Strong volume still seen currently, now at 0.095, above yesterday high of 0.093 which signifies strength.

Made a call on Monday 9th July for the BREAKOUT of 0.083.  

More upside very likely if it manages to cross the 0.100 critical level also.

Put a stop at 0.089.

GSH CHART - Cleared the 0.083 level.... critical resistance which it has stayed under for about 2 months. now at 0.085.... SHORT TERM QUICK TRADE

Put a stop loss at 0.079, target to as high as 0.100 possible, look at the gap it can fill.