My own T/A22 Jun 2020 13:38
First of all If you look at the 3 month chart you will see we are clearly in an uptrend creating higher highs and higher lows . 2.3p was our last higher low and imo 2.9 ish which what we are currently on is our next higher low.The 50 ema is acting as support and the t line is above the 20 which is bullish and the 20 ema is above the 50 another good sign.The rsi is low on 60 and the Macd is neutral .Lookout for bullish divergence soon when the rsi moves higher . We are currently trading sideways in a channel between 2.8p to 3p and I expect a break to the upside coming next, above the old high of 3.4p.Possability of testing support at 2.73p first but I think it’s unlikely.
Now let’s look at the 6 month weekly chart (linger timeframe holds more weight). It’s looking really good . The 8 is above the 20 and soon it should cross the 50 (very bullish). There’s a nice triangle pattern in play with the top being 3p. It’s only a matter of time before we break out and the macd is positive and it’s only on 52 so we have ages until it’s overbought .
Now monthly long term chart. Last 3 months are all white candles and the macd bars are getting smaller and should start turning positive and when that happens we should have a good few months of rises ahead of us. We are above the t-line and it should start crossing over the higher moving averages just like in the smaller timeframe charts when the move starts. This all ties in with one and other.
Overall - looking good , we just need volume and that’s it ... big moves coming !!!
Please DYOR
GLA