Genesis Energy Ltd. (GNE.NZX) | 13/09/2017 | 1 Year, Daily Chart
Stock Overextended, watch out!
Buy on Strength
Buypoint, strength after dip
Buypoint, strength on dip
Technical Summary: The 1 year stock price performance of GNE has been quite impressive for the utility. The stock has been grinding its
new way to fresh ground in a slow moving but relatively volatile long term up trend. Investors should be cautious about buying this stock when it
5 Year Chart
is overextended. We believe that the best time to by a stock like GNE is when the stock shows strength after a dip in the share price. Investors can
look to take risk off when the stock becomes overextended. The stock is now consolidating after the stock snapped back after becoming
overextending. Investors looking to open a position should wait until strength reappears in the stock.
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