Reported at 0800hrs SGT
GY
GY consolidated as predicted. Looking at the doji formed, buyers are pushing the price back above 209. Both WMA5 and EMA21 look good for a momentum for GY to head towards EMA200 at 211.3.
However, CCI look a bit slow down. Therefore, the breakout towards EMA200 must overcome the resistance at 210.7 (yesterday peak). The hour chart confirm the suggestion.
However, CCI look a bit slow down. Therefore, the breakout towards EMA200 must overcome the resistance at 210.7 (yesterday peak). The hour chart confirm the suggestion.Support is at 209 (Fib Retracement). 208 (peak of 6 Jun) then 207 (EMA21)
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