GNT Price Analysis
The price is in a falling wedge that is taking place in a bull pennant.
We see the Kijun and Tenkan are above the price although they are moving horizontally. Signalling a potential loss of momentum in the downtrend.
The Kumo is acting as well defined support with the .5 Fibonacci level.
MACD is forming a bearish fan. If a bounce occurs from Senkou B then this should reverse.
We see the Kijun and Tenkan are above the price although they are moving horizontally. Signalling a potential loss of momentum in the downtrend.
The Kumo is acting as well defined support with the .5 Fibonacci level.
MACD is forming a bearish fan. If a bounce occurs from Senkou B then this should reverse.
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