Potential key reversal top detected for GMGLevel of interest: $36.67 area level of interest proved problematic on 22nd July (key support/resistance area to observe). Observe market reaction around this level of interest.
Stop loss for the trade involving ASX:GMG (and indication that this trade is an absolute 'no-go') is any trade above the high of the signal day of 10th December (i.e.: any trade above $39.43).
GMG trade ideas
Buying Idea GMG with a stop at 35.45GMG is bouncing back from 50day MA after consolidating for a while almost at all time high again. Joining the rally this level with a risk just over 4% is a good setup to see where it can go. overall market is choppy with much volatility than we like to see.
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Potential key reversal top detected for GMGLevel of interest: $36.67 area level of interest proved problematic on 22nd July (key support/resistance area to observe).
Stop loss for the trade involving ASX:GMG (and indication that this trade is an absolute 'no-go') is any trade above the high of the signal day of 20th September (i.e.: any trade above $37.12).
Goodman Group Death Cross not that Deadly - GMGAt yesterday's close, Goodman Group registered a dreaded Death Cross, whereby its 50-day ma closed below its 200-day ma. With regard to GMG, the Death Cross wasn't that deadly, resulting in an average 11-day gain of 4.8%, with a win rate of 10 from 11 events.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
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.
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.
$GMG - GOODMAN GROUP - Great performer running again$GMG - GOODMAN GROUP - Great performer running again
Been a good performer this year and has some extra volume coming through giving it a further boost. Might be a short term correction or consolidation with the RSI so high. Trick is whether you can get someone to part with some of their shares.
Goodman Group is a global integrated property company. The Company is engaged in owning, developing and managing industrial property and business space in the markets across the world. The principal activities of the Company are investment in directly and indirectly held industrial property, property services, property development (including development management) and fund management. The Company's segments include Australia and New Zealand, Asia, Continental Europe, United Kingdom and Americas. The Company's stapled entities include Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited. The Company's portfolio consists of approximately 190 properties located in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Perth. The Company is an investor in four property funds: Goodman Australia Industrial Partnership (GAIP), Goodman Australia Partnership (GAP), Goodman Australia Development Partnership (GADP) and KWASA-Goodman Industrial Partnership (KGIP).
GMG goes up an a medium-termA good security movement backed with strong week uptrend, just passed 0.382 fib ret on its way up. Additionally, price is at the bottom of a week parallel channel.
Putting stop as usual, 6 points below the support zone.
Consideration: uptrend movement continues up to the T1 point (11.41) and finishes at T2 just before the Earnings.
Not a financial advice.
$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.