GMG Global - one of the few stock counter that is trending higher in the current context of Bearish stock market.
It had a good run from the low of 27 cents on 27th Jan 2016 and continue to head higher to touch 42.5 cents on 15th Feb 2016.
The current price of 40 cents is staying way above both 14SMA & 25SMA lines which is generally very positive.
Also both MACD & RSi are still trending higher which may provide further indication that the share price may continue to head higher.
Short term wise it may move up to test 42.5 cents. Breaking out of 42.5 cents with good volume that may propel to drive the share price higher towards 50 cents with extension to 55 cents.
(trade base on your own decision)
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