jinsteruk

GMR with possible late stage VCP

Long
LSE:GMR   GAMING REALMS PLC ORD GBP0.10
GMR potentially setting up with a late stage VCP. Ascending triangle forming on the right side of the consolidation with decrease in volume over the period. Further price and volume contraction at/under the line of least resistance would complete the VCP set-up. A move through this level on volume with confirmation on subsequent days will confirm the leg higher.

Target for leg higher is 30-32p - a 20-25% gain from the breakout point

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