GMAP - forming a demand line
GMAP = 8.6 (1.2%)
GMAP formed another shaven white candle with higher low and higher high. Bullish.
GMAP after forming what seems to be an island reversal pattern has confirmed itself by reversing the downtrend to a more benign sideways or consolidation phase with an upward bias as can be noted by drawing a demand line from the recent lows.
I can only hope that GMAP will once again test the possible resistance at 9 the recent high.
Resistance: 9
Support: 8.5, 8.2
Good luck to all GMAP traders!
GMAP formed another shaven white candle with higher low and higher high. Bullish.
GMAP after forming what seems to be an island reversal pattern has confirmed itself by reversing the downtrend to a more benign sideways or consolidation phase with an upward bias as can be noted by drawing a demand line from the recent lows.
I can only hope that GMAP will once again test the possible resistance at 9 the recent high.
Resistance: 9
Support: 8.5, 8.2
Good luck to all GMAP traders!
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