GMDC: Falling trendline breakout on weekly time frame
GMDC was in downtrend since last 1.5 years. Stock was forming lower low and lower high on weekly time frame. From 2-3 weeks stock is not breaking its previous low and trying for starting of an upward journey. Keep on radar for weekly closing above 162 to form an uptrend pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.