GEO - consolidating with an aggresive supply line

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GEO = 2.55 (-1.9%)

GEO seems to be moving sideways or consolidating for the time being.

A cause for concern is an evidently aggressive supply line. This is with respect to the stable demand line at 2.5 a level that is a change in fluctuation.

Caution is therefore recommended to everyone trading GEO.

GEO remains bullish as it is trading above 32,65,130MAs. A buy can be recommended when 32MA moves above 65 and 130MA.

Resistance: 2.8
Support: 2.5

Good luck to all GEO traders!

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