GMDC was in a short-term downtrend which reversed into an uptrend by Mar 2025. Past few weeks it tried to BreakOut of the horizontal key resistance trendline as indicated. Last week the stock surged by 26.04% with huge volume and made a new ATH. What can we expect after the new ATH, I would expect some profit booking in the coming week.
If the momentum sustains then we may see the stock surge to 640 levels on the upside. On downside, we may see 374 levels. All depending on the coming week's price-action.
To be watched !!
If the momentum sustains then we may see the stock surge to 640 levels on the upside. On downside, we may see 374 levels. All depending on the coming week's price-action.
To be watched !!
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.