GSY, GOEASY LTD. TSX, Topping Out

٢٢ يوليو ٢٠٢٣

Looking at GSY it has been trading inside a year long Price Channel that started in the middle of July of 2022. Most recently it had a nice run off of the Double Bottom as shown but once again is near the top of it's channel and likely to retrace. Both the RSI and MFI are again topping out and though it could potentially hit $129 in time for the next Quarterly Financial Report it would need to be Steller results to put it over the top and Breakout of this Channel. Not a lot of room here for the Risk/Reward Gains, unless it does make a bullish break and after a confirmation signal only then would it be potentially worthwhile to jump in.