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...
Heres 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...
