Clearly going to struggle to clear this area with the raise shares to come out. But a short consolidation here would indicate a decent rerate opportunity ahead. Above 2.4 is 2 year highs.
my annual tweet on this dog.
charts looking good with volume coming in today. 1.2 just wiped.
They have a decent Vanadium resource, which unlike domestic Australian Vanadium is actually economic to extract. For some reason management has zero interest in the Uranium associated with their tenements.
$GED - Price is basing around 61.8% and support zone , looks good for reversal IMO
Cobalt, copper and silver play in Canada...Took a Position, Let's see
Please ALWAYS DYOR First..GL!
This mob is kindve like the chicken in the fridge thats right on the Use By Date.
Charts a cracker now, looking for a retest of the mid 2s. Wonder if its their LFB/Uranium//Vanadium/Cobalt/Namibian Gold/insert mineral lease they're about to drill?
GED is at a long term support on the daily. If there is a bounce to 1.7c, we will see a cross of the MACD, and in turn should see a bull move to recent highs. From there, a cross of the 43EMA and 200EMA will see a strong push for GED to hit 4c + by end of the year.
GED has been in a serious downtrend for the last few years, but I don't want to go too far back. So Jan 2018 is far back enough for now.
I definitely think there is enough confirmation that it is out of the downtrend.Any move through blue trendline is positive. A move and hold above 0.024 could be a big buy and hold to see where it could go.
Good luck!
hard to believe that this stock had very good news out today. (True indicator of dog status) However it has breached the minor down trend. If they deliver on their JORC then it should breach the major dt line. Their has been some delousing of the LIT stocks wonder if V will follow?
