G88 is riding above the well respected 100SMA after crossing above for the first time in July this year for a long 2 years.
I see this ascending triangle ticking along until Dec 31 at the latest but with XAUUSD Gold price movement lately this move could come a'lot sooner.
Option 1 - G88 keeps riding the upward trend until popping through the 9c resistance. From...
1. Share prices broke out above the 200 moving average with supporting volume on Friday 23-2-2018 and managed to close the trading session at 0.755 up by 11.85%
2. If prices can hold above 0.75 support then the next resistance is at around 0.895
3. failure could see prices fall to around 0.615
G88 first pullback to 50 day was an undercut; second 50 day pb held (also reclaimed the 20day). Looking for a push through 73 before heading into 83. Lots of potential 'space' above if it can move.
