If you followed Elliott wave theory or whatever, you may beleive this will hit $1.20 ( thanks skc (GBG thread)
frankly I'm a "5 waves skeptic" but I do beleive this is on it's way to beyond $1.06.
My reasons are;
1- this is an uptrending repeating traingle pattern.
2- Resources are trending up/recovering again. (thanks China
)
3- The ASX is trending up (can we use the word Bullish yet?
) & world mkts.
4- GBG is Fundamentally sound.
5- The chart speaks for itself.
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***PS: * I wish some ppl posting on this thread would take more care with their "posts"*, Joe will rightfully discontinue this thread if it becomes a "rampers paradise" & he will have my full support although I will be sad to see it go as I often find it very useful, both profitable & educational. Thanks to Kennas for starting it all off, I'm sure he agrees though. Sorry if this is boiling the kettle black but these warnings are continually ignored
PPS: Joe, maybe posting to this thread should be limited to ppl with a minimum number of posts like the monthly comp. Then again looking back some of the best are by newbies, maybe a stronger more autocratic hand?no chart, no explanations= no arguments ie hit the delete button if a post doesn't belong here. I can find the good stuff quicker that way
PPPS: I am passionate about this thread because check it very, very often
'bout time I contributed
Thanks again Kennas & thanks again Joe