G8 Education Limited (GEM.ASX)

13 December 2017

Technical Summary: Choppy chart for GEM in recent times as the stock has been moving along in a trading range for the last few years. After a massive gap down on a recent earnings miss the stock is now trading at the bottom end of this trading range. The stock in many senses is a mean reversionsist play ground. These traders will be buying at these levels in expecation of historical support. For these traders stop losses will be used if the stock breaks this historical support. For those looking to follow long term trends there is nothing to do here except move on to another stock.

Choppy nature of the chart indicates the stock could be a mean reversionist playground

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