Great Canadian Gaming Corp. T.GC

Primary Symbol: GCGMF

Great Canadian Gaming Corp is a gambling, entertainment, and hospitality company that operates throughout Canada. The company's operations are divided into three segments based on geography: Ontario, British Columbia, and Atlantic. The company generates over half of its revenue from the Ontario region. Great Canadian Gaming Corp offerings include casinos with slot machines, table games, and food and beverage; outdoor horse racing tracks; and hotels, community gaming spots, and related hospitality facilities.

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Great Canadian Gaming Corp. > Technical Analysis

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Post by retiredcfon Apr 10, 2019 6:37am

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Post# 29605453

Technical Analysis

DAILY MARKET REPORT

Great Canadian Gaming Corp forms bullish "Engulfing Line" chart pattern
Apr 09, 2019

Recognia has detected an "Engulfing Line (Bullish)" chart pattern formed on Great Canadian Gaming Corp (GC:TSX). This bullish signal indicates that the stock price may rise from the close of $49.53.

Tells Me: The recent downtrend is due to reverse, now that buying pressure has overwhelmed prior selling pressure. Following a clear downtrend, we see two candlesticks where the white real body of the second completely envelops the black real body of the first, showing that the bulls have taken over from the bears.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.