GITANJALI GEMS - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: STRONG
If someone wants to subsidize your exit out of a stock at a higher prices, so be it. Because this stock has lost all momentum and trading. Even on Friday when the stock moved up, it was one big gap up (i.e. a single or two buyers) and even after that it could not hold showing how at every rise, sellers are piling up
The stock is heading to 100. It has no hope on the upside unless it breaches 260 and then 310
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Hey.... forget about momentum !
ReplyDeleteWhat about earnings this company is schedules to grow at 50%. what about that ?