Greatland Gold Price: GGP Pushes Higher, Risking a Retrace at 14

PUBLISHED: 15 Apr 2025 @ 18:23 | Comments (0) | More info about Azeez Mustapha

Subsequent to a resurgence of an up-swinging velocity in the exchange operations of Greatland Gold Plc (LSE:GGP), the current trade status of the stock now portends that the price has pushed higher than it did toward the end sessions of the last month, making it risk a retrace at 14 points presently.

Technical indicators increasingly suggest that the share price has approached a peak volume level, making it a strategic point for systematic profit-taking—particularly if the developing candlestick confirms strong selling pressure around the 14 zone over time. Initiating new long positions in anticipation of a breakout toward the 15 or 16 resistance levels may expose traders to sudden downside risk.

Resistance Levels: 16, 17, 18
Support Levels: 12, 11, 10

Given overbought oscillator positioning, can GGP Plc sustain buying momentum beyond the 14-point level?

Based on the outlook pictures of the oscillating tools in the overbought region presently, it is logical to think that investors should begin a step of moving out some levels in profits, as the Greatland Gold Plc shareholding firm has pushed higher, risking a retrace at 14.

The 15-day EMA remains positioned above the 50-day EMA, with both moving averages sloping upward within the 10 to 12 price range—indicating sustained bullish momentum. However, the stochastic oscillators are currently fluctuating in the overbought region and displaying early signs of a potential southbound crossover, suggesting possible trend exhaustion and setting the stage for a reversal.

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