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Algo Signal Update – Graincorp

We continue to track GNC following the recent Algo Engine buy signal.

GNC has proven tricky in identifying the price reversal, however, we feel it is approaching an oversold level and ready for a bounce higher.

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$8.50 is support and investors could build long exposure now with tight stops. a break below $8.50 may set-up a new buying range in or around $8.30.

Keep this one on your watch list.

Chart – GNC

 

 

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