Greatland Gold stock (LSE:GGP) has given another
opportunity to go long as it pulls back in the context of a downtrend. Price
could go upwards from here.
Price largely consolidated from May 2017 until
October, when it broke upwards seriously (as price leaves the upper Trendline
far, far behind). The RSI period 14 is also in a very overbought region, hence
the current pullback in the market, which is shallow and which is expected to
be followed by further upward movment.
A bearish correction in a context of a downtrend is
a normal thing, and it would be followed by continual journey to the upside.
That is exactly what would happen on Greatland Gold.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
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