After it’s daily sell-off, it looks like GMT has refueled for another push to the upside. GMT has been in this descending channel and it’s having a breakout. RSI and Momentum are calling for a reversal at the bottom of Wave C. I expect GMT to retest resistance and we’ll go from there.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.