GEM is coming back into play but still has some work to do

Potential Buy Alert

 

GEM – G8 Education Limited

GEM has been good to us in the past and is coming back into play and ready to continue the long term move up. We see the childcare center operator showing signs of short term profit taking so we are monitoring price for a pullback. Once we see the pullback then we want to see evidence that buyers are stepping back in to take control and push price higher.

 

Stock Code : GEM – G8 Education Limited

Company Website : www.g8education.com.au

Current Price : 4.50

Status : On watch for pullback and entry setup