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GCM Resources: Above 25p Zone Still Targets As High As 45p

By The Closet Chartist | Thursday 6 February 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


One of the best things about being a Closet Chartist is the way that the cloak of anonymity allows you to make the kind of calls others may be too fearful to entertain. Such a “where angels fear to tread mentality” is certainly appropriate in the case of GCM Resources where there has been a near vertical rise for the stock through the 200 day moving average at 19p.



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