Long
Global Oil and Gas GLV.ASX broke through a rising flag pattern.
GLV has broken through a rising flag indicating a bullish breakout. We should quickly see a push to 3c, in which that will become the new support. Given the market conditions today it could also indicate a false breakout and may come back to 1.9c-2c until the consolidation has finished.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.