GICRE - Break out RETEST - LONG

٧ يناير

GICRE broke out and made ATH with huge volume on 20-Dec-2024. Since then, it retraced with lower volumes and touched 20 DEMA and the BO Zone as well. Today (7-Jan-2025), showed signs of consolidation end with a bullish candle OPEN=LOW, relatively wider body and higher volumes.

١٢ يناير

ملاحظة

10th Jan's price action (-7.6%) weakened the LONG set up. A follow through RED candle on daily closing basis below 10th Jan's low which also coincides with 50 DEMA would negate the long set up.

١٩ يناير

ملاحظة

Long set up invalidated on 13th Jan 25. Need to await structures to evolve going forward.

١٩ يناير

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