- Discussion
GMDC has shown bullish momentum with eight consecutive gaining sessions. The stock has broken a downward sloping trendline and sustained above it for three sessions, signaling a clear trend reversal. It is now trading above its 50, 100 and 200 DEMA, reinforcing bullish sentiment. The current price is near the 2025 high of 336.85. Currently hovering near CY25 high of 336.85. A decisive breakout above this level could trigger further upside.
Fundamental support the move: a reasonable PE of 15.67 and a healthy 2.91% dividend yield. The business benefits from rising industrial demand for lignite and fluorspar. With improving technical and stable fundamentals, the setup offers a favorable risk reward.
Disclaimer: This post if for educational purposes only and does not constitute investment advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
Log in to reply.