GGPL trade ideas
Greatland Gold - Small cap gold miner about to rally?Been watching this lately as it has been appearing in my scans. The trading volume appears to have been quite consistent in recent weeks and trend of higher lows is encouraging.
The close above the 10 EMA is a cue to buy and target the resistance above.
Target: 2.55p
Stop: 1.644p
GGP 16-Nov-2017 Ranging (Daily) GGP is ranging at 1.6 support level and resisting at 2.3-2.6 levels.
Concern:
16-Nov-2017 Bar is looking to close with pinbar and GGP has Lower Lows from 18-Oct Highs.
Hindsights:
I’ve entered Long but my order only got filled at 1.8 on the 17-Oct. Ideally would I would've like to have entered at 1.6
Watch zone:
Stop Short @ 1.59
Stop Long @ 2.61
Greatland Gold’ breakout 18-Oct-2017 (Daily)GGP has broken out of due the news release of ‘potential new gold sources’. Although my slight concern is however that these are still ‘ potentials’ , keyword lies in ‘ identify’ and ‘ believe’ , in announcements of GGP. So the new gold sources are not fully confirmed.
Announcement:
GGP Identifies multiple gold targets At Ernest Giles Project.
Gervaise Heddle, Chief Executive Officer, commented:
"We believe these results further highlight the potential for the Ernest Giles gold project to be one of most significant gold districts to be identified globally within the last decade. These latest findings have significantly improved our understanding of the prospective geology of the Eastern block.
Source: greatlandgold.com
polaris.brighterir.com
I’ve initially set my entry target a 1.60 but missed that boat, so I’ve entered a test-trade at 1.835
S5 Box : 1.85 - Trail
S4 Box : 1.60 - 1.85
S3 Box : 1.00 - 1.60
S2 Box : 0.90 - 1.00
S1 Box : 0.50 - 0.90
ENTRY : 1.835
DATE : 17-OCT-2017
PLANNED STOP : 1.40-1.60
ATR : 0.0937
N2 : 0.1874