GED trade ideas
$GED Management know they Uranium amongst high quality Vanadium.my annual tweet on this dog.
charts looking good with volume coming in today. 1.2 just wiped.
They have a decent Vanadium resource, which unlike domestic Australian Vanadium is actually economic to extract. For some reason management has zero interest in the Uranium associated with their tenements.
Golden Deep needs a bounce on long term trendlineGED is at a long term support on the daily. If there is a bounce to 1.7c, we will see a cross of the MACD, and in turn should see a bull move to recent highs. From there, a cross of the 43EMA and 200EMA will see a strong push for GED to hit 4c + by end of the year.
Could GED be about to rise from the deadGED has been in a serious downtrend for the last few years, but I don't want to go too far back. So Jan 2018 is far back enough for now.
I definitely think there is enough confirmation that it is out of the downtrend.Any move through blue trendline is positive. A move and hold above 0.024 could be a big buy and hold to see where it could go.
Good luck!
$GED Imagined if someone cared they had a $10M resource*hard to believe that this stock had very good news out today. (True indicator of dog status) However it has breached the minor down trend. If they deliver on their JORC then it should breach the major dt line. Their has been some delousing of the LIT stocks wonder if V will follow?