GMT is reversing at a very solid demand area. Using wave analysis alone could not be reliable but we will see how things go.
Note
53 was a trigger point in which the stock reversed slightly and went down and broke it. Though using only one pattern is not reliable, there might be a chance for the stock to go back to the levels of 50's, otherwise it is bearish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.