Technical Analysis
GSS Energy chart looks interesting (19 Nov 15)
By Ernest Lim's investing blog  •  November 19, 2015

Due to time constraints, below is a brief chart view on GSS Energy’s chart development.

Based on Chart 1 below, GSS has been hovering around the key support $0.095 for 4 trading days before closing at $0.101 yesterday. This is a positive development. OBV has been rising since 16 Nov and it is just 7% lower than its all time high OBV. RSI and MACD are strengthening. However, ADX remains weak at this time.

Based on my personal technical view, it is likely to be pretty bullish if it can breach the key resistance of $0.103 with volume expansion and on a sustained basis. A break below $0.095 on a sustained basis is negative for the chart.

In conclusion, although GSS’ chart looks a tad positive, it has to breach $0.103 with volume expansion and hold above $0.103. Near term supports are at $0....

...
Read the full article
By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance