At yesterday's close, Goodman Group registered a dreaded Death Cross, whereby its 50-day ma closed below its 200-day ma. With regard to GMG, the Death Cross wasn't that deadly, resulting in an average 11-day gain of 4.8%, with a win rate of 10 from 11 events.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and...
Global recovery is the key theme for the next couple of months and logistic facilities and warehouses are in high demand when more countries are starting to re-open.
While GMG has been quiet for the past few months, but its stock appeared to be consolidating and set a great support at $17.51. Comparing with global logistic big bro like CH Robinson Worldwide...
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...
$GMG - GOODMAN GROUP - Great performer running again
Been a good performer this year and has some extra volume coming through giving it a further boost. Might be a short term correction or consolidation with the RSI so high. Trick is whether you can get someone to part with some of their shares.
Goodman Group is a global integrated property company. The Company...
A good security movement backed with strong week uptrend, just passed 0.382 fib ret on its way up. Additionally, price is at the bottom of a week parallel channel.
Putting stop as usual, 6 points below the support zone.
Consideration: uptrend movement continues up to the T1 point (11.41) and finishes at T2 just before the Earnings.
Not a financial advice.
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...
