$GMG - RC -
Added 2025-02-26 14:05:10 +0000 UTC$GMG for me has not complete its Wave 3 yet but the share price has curved down and lost its 50 and 200 Day MA lately after there was a surprise revenue miss in their earnings this month.
A retest of the blue support line at $27 might be needed next and will also offer another opportunity to add.
Once $27 is held, I believe this should have no issue returning higher in our impulse wave projection.
Comments
Thanks CAP, the guidance at earnings was positive, I believe the market reacted because of a 4 billion capital raise to develop Data Centres from the issuance of 130 million new shares which diluted the exiting 1.9billlion existing shares
Beni
2025-02-26 23:26:08 +0000 UTC
