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Now, let’s dive into this chart analysis:
GMX recently rebounded from its lower support trendline and is gearing up for a potential rally toward $40+.
The 21 MA is acting as temporary resistance, and once GMX breaks through this, it is likely to test the upper resistance at $45.
- Entry range: $22 to CMP. - Close Position: If it breaks down below $22. - Short-term Target: $42 to $58. - Mid-term Target: $58 to $72. - Long-term Target: $71 to $91.
DYOR, NFA.
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