Wednesday, April 3, 2013

GCL 20130403



 I has been on a run up from 0.75 in the past 8 days and today closed at 0.87.
From TA analysis, the chart looks like it tries to do a short consolidation before a potential run up. The counter is on the uptrend since Dec'12 and immediate support can be seen 0.74,  follow by next 2 support levels at around 0.66 and 0.59/

My opinion in the next 2-3 days it could be forming a "Rising Three Method" candlestick pattern and is expected to break the 0.92 intraday high. It is just a guess.

My short term target is $1.06.

PS: It's just a personal opinion, please trade with cautions and take adviced from authorised and certified financial experts.

Chart forGuocoleisure Ltd. (B16.SI)


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