GDP trade ideas
Goldplat – Exciting business prospects, awaiting bullish breakGoldplat PLC (LON: GDP) is back to the beat as shown by its latest yearly financial statements. In today’s CEO interview segment, Gerard Kisbey-Green, CEO of Goldplat updates viewers regarding company’s projects in Ghana and South Africa and plans to improve productivity at Kenya gold mine. The main focus now is on potential business opportunities in South America.
Check the CEO interview segment here - Exciting growth prospects ahead – Goldplat - www.youtube.com
Daily chart – consolidation
We see that prices are consolidation in a range of 7.00-5.15. A bullish break from the sideways channel would suggest the rally from July 2015 lows has resumed.
On the lower side, a strong support is seen around 5.15. Note that, a bearish break would add credence to the breach of rising trendline and thus increase prospects of a revisit to July 2015 lows.
