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Is GFI signaling a buying opportunity? 1,2,3 Pullback Bullish shows up after slipping 4.29%
GFI posted a 4.29% loss on Friday, August 28th, accompanied by 2.3× normal trading volume. The unusually high volume suggests institutional participation in today's move. Multiple bullish signals emerged — 1,2,3 Pullback Bullish and Non-ADX 1,2,3,4 Bullish — suggesting potential strength ahead. Key support levels exist at 44.83, 43.71 & 41.92, with resistance at 47.74, 49.53 & 50.65. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of GFI: A
This might just be the start. See what else showed up for GFI today.
Read full article here »