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GMG

Descending Channel for GMG?GMG has been on one hell of a ride, I've been holding this company since before the halt when it was CUSPIS Capital, unfortunately, I sold a majority position way too early once the halt was lifted after nearly 6-7 months. It appears as though the share price is consolidating into a Descending Channel on a log scale chart and more of a falling wedge on a % gain chart, either way, GMG will need to breach the downward sloping resistance and turn it into support to negate continued bearish momentum. If support is lost on the pattern look for support around the price ranges where I've placed horizontal red lines which display some previous areas of confluence. The Williams Alligator is showing bearish strength at the moment, ideally, you want the lines of the Williams Alligator pointing upward which typically happens after a bullish cross, this happens when the green line crosses over the red line upward. On the DMI there is a bearish cross where I've placed the downward pointing arrow. In the upcoming week, the DMI looks prime for a bullish cross.
TSXV:GMGLong
by ScotianBot
GMG (ASX) is breaking the resistance and reaching all-time highGlobal recovery is the key theme for the next couple of months and logistic facilities and warehouses are in high demand when more countries are starting to re-open. While GMG has been quiet for the past few months, but its stock appeared to be consolidating and set a great support at $17.51. Comparing with global logistic big bro like CH Robinson Worldwide which has been up 20% during the same period and setting new high, GMG has a lot of room to catch up.
ASX:GMGLong
by Squishybrain
Bearish on Goodman Group $GMG (Descending Triangle)Bearish on Goodman Group $GMG The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. Could we break the descending triangle (shorting opportunity) and retract back to the 200 MA? Well, the more we test the support line, the more likely to break... The MACD, RSI, and CMF are looking terrible. 20, 50 moving averages are trending down. I'll be bullish again if the stock price can close above both the green and yellow line and I cannot see breaking easily.
ASX:GMGShort
by johninvest17
$GMG swing trade set-up, buy at 10.35-10.45Heres my set-up for today's entry purchase 1500 units $GMG Goodmam Group on the ASX. Price action shows a consistently strong bullish trend, previous diagonal support and resistance have held, and I'm going off the .786 fib and price oversold. Probability yes, for sure as TA stacks up. However as we all know, possibility is this could go against us. Risk management is key with stop losses in. Targets set and its now a waiting game. NOT financial advice.
ASX:GMGLong
by tradingwithanthony
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