GEM – G8 Education Limited

Stock : GEM – G8 Education Limited

Current Price : 3.47

Status : On Watch for contraction and higher lows

GEM has been in a long term range with support at 2.95 and resistance at 4.20. We may be seeing early signs that buyers are entering above support to build a major higher low around 3.20/3.40 zone. Price still has some work to do but the long term picture is rosy. We will now be keeping an eye on the Daily charts for a heads up that GEM may be on the march.