GOLEM (GNT): Wow!

SUMMARY

The ABC correction for Golem (GNT) finished with a bang! The vertical wick surge in price was not sustainable, and never will be. It came right back down...however, this is a pop corn kernel popping; consider it a brief solo in the popcorn symphony. There will be many more poppings to come and not too long; a frenzy of poppings. Much of this can be discerned through patterns, Elliott Waves and MACD indicator. For Golem, the MACD was fully coiled and ready to lift prices in a breakout. I believe this is just the start of a lengthy rally into July.

The wedge pattern in price foretold the price explosion....an all time new high. This needs to correct but since it's part of a likely impulse upwards; it probably won't be the lengthy type.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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