At the first glance, todays move in the share price (up 5p or 8.26%) to 65.5p, doesn't seem overly significant. However, have a look at the SP graph again. It seems to show a breakout above the upper (resistance line) of the 'against the trend' wedge. This is considered by technical analysts to be a bullish move.
Using fundamental analysis, particularly the low PSR, also confirms that it's worth holding on to these IMHO. Have a look at the GTL research note on the website.
Showing posts with label Ethanol. Show all posts
Showing posts with label Ethanol. Show all posts
Tuesday, 21 September 2010
GTL Resources - breakout?
Labels:
Breakout,
Ethanol,
GTL Resources
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