GMG (ASX) is breaking the resistance and reaching all-time high
Global recovery is the key theme for the next couple of months and logistic facilities and warehouses are in high demand when more countries are starting to re-open.
While GMG has been quiet for the past few months, but its stock appeared to be consolidating and set a great support at $17.51. Comparing with global logistic big bro like CH Robinson Worldwide which has been up 20% during the same period and setting new high, GMG has a lot of room to catch up.
While GMG has been quiet for the past few months, but its stock appeared to be consolidating and set a great support at $17.51. Comparing with global logistic big bro like CH Robinson Worldwide which has been up 20% during the same period and setting new high, GMG has a lot of room to catch up.
Note
Continue to be bullish with the idea. The thesis didnt change at all.Note
Following up on this thesis - stop loss set at support @17.5
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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.