GobiMin Holdings Limited (NASDAQ: GVH) showed life in early trading today, up +13.04% to $0.2939 on the 15-minute chart. After significant selling earlier, GVH is attempting a rebound, drawing fresh interest.
Key Technical Highlights:
Reversal Attempt: GVH bounced from lows around $0.1618 to touch $0.2960, signaling potential accumulation after a sharp decline.
Volume Rising: Recent candles show growing volume, suggesting momentum may be building into regular session hours.
Trend Shift on Short-Term Chart: Price is now trending above its short-term moving average on the 15-minute timeframe.
Resistance Levels: Immediate resistance sits around $0.30–$0.32.
Support Zones: Support lies around $0.22–$0.24, with major support at $0.16.
ATR Increase: ATR is ticking up, indicating volatility is returning.
The Bottom Line:
GobiMin is showing early signs of a recovery after a steep drop. Traders should watch for continuation above $0.30, but be wary of sharp reversals typical of low-priced stocks.
Disclosure: This is not financial advice. Always perform your own research.