GEO marks up to higher levels

20 בינו׳ 2023

GEO looks like in a trending up period.

The price completed a consolidation phase (stage-1) between May 2021 - Nov 2022.

From a moving average point of view, 10-week (simple) moving average (MA) is supporting the price and just recently touched the price again after its first touch in Nov 2022.

Moreover, MA100 crossed over MA30 recently with a bullish mark up. And the price is also testing MA200. So, this can be the beginning of the stage-2 (mark up).

I expect the price will try to hold above MA10 with higher highs.