Few things with #Genedrive (#GDR): it closed above the 200DMA and it is already gathering some strength before moving on. There is no bearish RSI divergence yet so expansion is possible to continue. However it needs to beat that block of resistance that was earlier a support for so long, so this is now the 3rd run up onto this zone. We beat that and it will likely...
I have a few possibilities now for #GDR, I know it looks great, up down or sideways. But really these are now roughly the options with the clearly communicated uncertainty and market reaction.
First of all the original count and targets are still intact, in green, we are in a C wave or next impulse W3, and we have done a wave 1 and 2, still up we go from here. We...
I am fairly confident that GDR entire move from the recent lows was a wave 1/2 so far and we are heading now to the bigger wave3. See my conservative x1,618 extension gives you almost a triple return in a possibly few weeks. Looks already breaking the structure but wait for the previous top confirmation if you want to be sure. Expectations are high, and the mcap...
GDR approaching the previous high of the B wave top to break. If that breaks and closes above expect the last confirmation for the uptrend. Reaching the previous high in a shorter timeframe is a sign of strong impulse, breaking it is a conservative entry point to buy.
Targets remain the same between the £3-£5 area depends on how we move forward with PA above the £1.5.
Prediction - with very good news in motion the prev trend has broken into a new upward trend. I definitely can see this striking 1.20 and onwards. Even higher once the testing kits are in full distribution !!! Very cheap at the moment
Nice impulsive move from Genedrive in the past days marking a bottom filling at the 39p gap. We still need to beat the 82p downtrend line and close above it, but I see the Volume and candle support is so strong at the moment that this looks inevitable. MACD 4C slope started very steep for a confident continuation. Scenario is still the same as earlier, and we now...
We might be done here touching the low in Genedrive. A substantial move is coming, irrespective of where the sp ends within this 0.5-0.2 range. Amazing R:R for those able to get in at this price. If this structure plays out the targets not changed, £3 or £5 region depending on the extension of the C wave.
The selling power is dropping there is no more volume on this slow bleed. I think we are forming a bottom here finished a 5th of the C of the B and will move up to the larger C from here. Counts well with a finishing 5th wave now poked lower and strong divergence on all timeframes. There is one more option though that can happen (pictured in grey lines) is that we...
All 3 possibilities in one overview. Looks like with today`s action GDR is heading to the shorter sub-C wave completion before it moves up.
I would expect a double bottom at 0.45 and 5th wave truncation. The point would be to create a bullish divergence on the Daily.
Dont exclude the WXY version yet, we might not see 0.45 again and bottom was done already....
