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Online Share Trading

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GND

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Russ
Super Contributor
Right on long term support. Any thoughts?
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5 REPLIES 5
Russ
Super Contributor
Just feel it might turn up from here.
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Vano
Regular Contributor
Could be a good trade, but I am wary of catching falling knives..... Nevertheless put in a bid at 1600....
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Russ
Super Contributor
True, but it has at last reached long term support and is heavily oversold on all time frames. So I am hoping that buying now is like picking a knife off the ground rather than catching a falling one!
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barry_1
Super Contributor
Hi Russ, unfortunately GND road transport is facing some flack in other parts of Africa. I'm holding back before I purchase to see how this pans out.
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Russ
Super Contributor
Thanks Barry, the other advantage of buying on support is that I can get out if the support breaks so minimise my loss. It's probably wise to wait for signs of recovery.
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