GMDC - Crossing core resistance levelsScrip should manage to cross the crucial resistance levels marking new highs if candlestick pattern of three white soldier is completed :)
Breakout from resistance line and trendline with higher volume surge and consolidation in "Overbought* situation like seen earlier can take it to new highs
Bullish strength affirmation
1) SMA - 15 SMA is above 200 SMA and Price range has gone below 15SMA so for now, there is strength in the scrip movement
2) Golden cross - As marked in chart, Short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) The golden cross indicates a bull market on the horizon and is reinforced by high trading volumes however, high trading volume is yet to be seen as prior for reinforcement to be gained
Still, Invested with the company due to its good fundamentals
