Some chart indications in Gma Resources (LON:GMA) are starting to look Very Bullish:
The Volumes seen to be increasing.
The Golden Cross happened Wednesday, when the 50 day moving average breaks up through the 200 day moving average, while the 50 day moving average is in a long term up trend.
The Parabolic SAR (Stop And Reserves) has started a new Up Trend.
The price is about to break out from the Cup and Handle Formation.
The MACD and RSI are already Bullish. IMHO
Fingers Xxd has done the Update on Gold Mines of Algeria – GMA Chart
To see the original and previous chart visit Fingers Xxd thread at:
http://www.advfn.com/cmn/fbb/thread.php3?id=5456944
GMA Resources (LON:GMA) was the sector's strongest performer, with its share price rising by 15% in afternoon trading.
http://uk.ibtimes.com/articles/20110428/mining-sector-gma-resources-leads-field-with-15-gain.htm
Hope Gma Resources (LON:GMA) can Continue this momentum to the upside, over the coming weeks; this should be possible with Gold PRICES above $1565.00 Per Ounce, and expanding production to look forward to over the coming Quarter from selective higher grades Ores. IMHO
