GSH Ltd – Daily timeframe (Update from 09 Sept 16)
Current Sentiment: Bullish
Support 1: 0.300 Resistance 1: 0.365
Support 2: 0.270 Resistance 2: 0.390
Price continued to correct instead after the last update due to the lack of bullish follow through. Nonetheless, a strong base was formed around the 0.300 support area as buyers defended that level relentlessly.
Additionally, price broke the pullback line notably with increasing volume on 21/10/16 suggests further upside next.
Expect price to rise next to test the 0.365 resistance area followed by 0.390
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