Monday, January 6, 2020

GMRE Breakout on small volume - Drops on huge Volume - Entry on top of Spinner

GMRE Global Mediacal Reit Inc - CBOE BZX
https://www.tradingview.com/x/zsdEvsMJ/

1. Breakouts (B/O) are made with Low Volume.
2. Every drop is associated with Huge Volume.
3. Drop will look for support before crossing above 20EMA
4. Spinner or Doji is formed once price crossed above 20EMA
5. Top of Spinners or Doji above 20EMA marks as entry and support.

If we base our analysis on the listed 5 items we can easily say that the possible target price would be around 13.37 and price would rally upward to close the gap just to reach $14.00. Since $14.00 is a whole number resistance, we can probably see a pullback towards $13.00.

https://www.tradingview.com/x/VTKFNt1P/
https://www.tradingview.com/x/kg9Kh6LZ/
As per channel analysis we could also have a pullback towards $12.25. This is probably where price and 200EMA would meet.



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