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If you're in for long-term, always buy at support. 0.35 seems to be the base before it goes downtrend, especially as short and medium moving averages are looking negative. GDEX has been in a bearish mode after multiple lower low hits between 3 Nov-31 Jan. So far that has not been the case in February, but it's important for it to break the 0.41 resistant to justify its growth potentials.
In anticipation for record quarter, stronger buying support is necessary to overcome the RSS and soon IDSS. If the build up is good enough, GDEX-CS is a great short-term play as it has hit all-time low of 0.025 today. Scoop enough and it can multiply your capital gains when breakout happens. The coming 3-4 weeks are very important before time decay factors in.
So retailers need to all unite. We have seen how RSS has reduced in Top Glove in the past few days as a result of retailers' buying support. GDEX is a great company and major benefactor of movement restriction and increase of e-commerce transactions. But not a lot of people are aware of the upside potentials in GDEX as its share movement is minimal due to large floating share base of >2bil. However, we have seen at various points in March, April, May and November 2020 that it is possible to push GDEX higher.