ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

Greatland Gold price analysis: GGP to move further southwards

Share On Facebook
share on Linkedin
Print

Greatland Gold Plc shares (LSE:GPP) are currently bearish and the price would move further downwards. It is not advisable to go long in this kind of market.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

All the EMAs are sloping downwards. From March to June 2022, price went steadily south. It made some desperate bullish effort in July, but further upward movement was rejected around the EMA 200, which has effectively prevented a bullish signal from being generated. Price has plummeted since then, almost going below all the EMAs…

While bounces into the EMAs 10 and 20 cannot be overruled, GGP is expected to go further downwards, reaching the demand areas around 9.00, 8.00 and 7.00.

Teach Yourself Technical Analysis: Teach yourself technicals

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Comments

  1. Rose the Red Head says:

    This is just paid FUD.

    “It is not advisable to go long in this kind of market.”

    It is also not advisable to take advice from someone on the internet…

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com