GEO
GEO price movement fell back inside the small ascending triangle but was able to move above the resistance of 1.64 on the succeeding days. This move back in the triangle has somehow tainted the formation’s bullish expectations. The price currently stopped near 38.2% Fibonacci retracement. The volume is increasing on the past trading days, but the price movement still has the 130day MA approaching as resistance. If the volume continues to increase on the coming week, there maybe a chance that the target price may be reached.
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