What can happen here?Where will this break? its been making very small moves, very small volumes, thin liquidity in this stock although the company is on a buy back program but still we are not seeing any significant moves in this stock.
For now its under going a chart pattern it can break on either sides, lets not rush and wait for the breakout to decide on the trend.
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GFH trade ideas
Did GFH Breakout TodayIts been in a range for ages now, yes its a breakout but for now its not interesting as its a range based breakout. We want to see a close above 1.24 to consider it bullish!! for now its in a no trading zone with plenty of supply. There is a news it will be getting listed in ADX soon so watch out guys.
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Where Will It GO??Its very confusing GFH is been on side ways for more than 2 months now. Big meeting is about to happen this month end hopefully if the out come is positive and everything is approved i think this stock will fly very fast. At the same time they are about to distribute dividends so naturally we will see a drop. The main thing is recovery after the drop, it should not remain flat for many days. If it recovers quickly we can see some signs that institution buying have started again. As of now its very confusing a strong resistance is at 1.23 but with a good news market can break all the major resistances.
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Last ChanceIts a very good stock with good fundamentals but for the last 2 to 3 months its just in a NO trend and its ranging. Also there were so many good news about it but the market didnt react very positively this is a indication of a reversal fundamentally. If this is a distribution phase we can expect it to do more down. At the same time its still above 100day ema so we should still give it a chance. As of now in a NO trading zone.
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Last Chance?GFH is not performing for so many weeks although we are seeing company is buying back it shares slowly. Its at a important support level that have been tested multiple times with in a short period of time so its weaker now. Yes there are chances it may go down further. If this level is to be protected buyers have to jump in.
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Going to ADX / TadawulIf in general assembly its approved, GFH will be listed in both the stock markets. The meeting is supposed to take place on 27th March many agendas are to be discussed its a very big meeting for GFH this stock is good for long term. Also in a bullish chart pattern i am expecting upside move. Although for now its been in a range for more than 2 months. Good potential!!
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Its at a important support levelIts been very slow and not performing lately, for now its at a crucial support zone of bulls want to protect this level we want to see good buying pressure. Solid resistance at 1.25 zone its been trying hard to cross it but not able to close above it. For now its in a no trading zone.
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Bulls Are ComingGFH is looking very nice for a swing trade, once it crosses 1.25 it will be considered very bullish!! as of now its trying hard to cross the resistance of 1.23 (minor) on weekly chart we can clearly see early signs of bulls gaining the power. Stalk this stock very closely as it can make violent move to the upside most likely.
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Breakout?Its been under pressure lately also their financials are due and i am positive the results will be good. For now we can see it have broken the trendline and it facing tremendous resistance 1.230 - 1.260 Once this resistance is broken i think GFH will cross 1.36 hopefully positive news will help cross this resistance.
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Tried Tried & TreidIt tried a lot to close above 1.30 recently but could not although the company is still buying back it shares but we are not seeing many people buy this stock. Only hope for now is the financial results which will be declared very soon sure the company is fundamentally very strong but need some mind blowing results to take this stock to the moon, I am still holding this :(
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Buy Signal Looks very good setup to me i will add another position here if market opens positive. Its a very good stock with strong fundamentals also the company is buying back its share which is a clear indication that its undervalued for now. Hold this for long term. Very Bullish
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In a pattern/consolidationThis stock will very soon make a big breakout mostly to the upside, its also in a pattern but the beauty of this stock is its just consolidating near the breakout which is very positive and healthy for this stock. One this is for sure either way it breakout the impact will be very big. I am still holding it in my portfolio and its very good for long term too. Bullish!!!
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Good for long termThis stock is very good fundamentally and technically as well, also a good stock to be in your portfolio. After a morning start kind of pattern its struggling to cross the resistance that is around 1.22 zone once the resistance is taken out we can see it flying higher. Over all very bullish!!
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Fill The Gap?Will it come down to fill up the gap? or will the pennant break to the upside, i see its bit weaker with todays closing. It can come down to fill up the gap. Over all very strong with good fundamentals. A entry above 1.14 is recommended as of now in a NO trading zone.
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