aderoy

3800 GCI-Poly Energy: Don't miss the boat

Long
HKEX:3800   GCL-POLY ENERGY
It's time to start accumulating GCI-Poly Energy in your portfolio
- I have been keeping an eye on GCI-Poly Energy since around 17 August 2020 when price broke the Long-term downward trend line .
- This bullish price trend is now supported fully by MACD (as at 30 Oct 2020): MACD signal is now in the bullish territory with the MACD blue line crossing over its signal orange line and both lines now over the zero level.
- This is the first time since the start of the COVID-19 pandemic in March 2020 that MACD indicator is showing a bullish trend for GCI-Poly Energy.

This is a BUY for me with price targets at/near Fibonacci level and/or obvious major resistance lines.

Comments

lot of debt. must watch fundamentals instead
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