GMG (ASX) is breaking the resistance and reaching all-time high
Atualizado
Global recovery is the key theme for the next couple of months and logistic facilities and warehouses are in high demand when more countries are starting to re-open.
While GMG has been quiet for the past few months, but its stock appeared to be consolidating and set a great support at $17.51. Comparing with global logistic big bro like CH Robinson Worldwide which has been up 20% during the same period and setting new high, GMG has a lot of room to catch up.
While GMG has been quiet for the past few months, but its stock appeared to be consolidating and set a great support at $17.51. Comparing with global logistic big bro like CH Robinson Worldwide which has been up 20% during the same period and setting new high, GMG has a lot of room to catch up.
Nota
Continue to be bullish with the idea. The thesis didnt change at all.Nota
Following up on this thesis - stop loss set at support @17.5
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