Transcription
GMM. This is one that we've traded here before. Looks like this made a big pop Tuesday, June 9th. So, uh, earlier this week.
Looks like we're coming back here again. Same deal. Really found resistance at the only area in which it consolidated from Tuesday. Stock is currently up 42%. It is a China name. See if there's a new fresh news catalyst for this here today. There is not.
Uh 27, I'm sorry, 375 looks like a pretty important level to me. Uh that's, you know, since that we've come off this uh move that took us up to 669 this morning. That's been the area uh that it's been getting support and it's pretty much in the middle of this consolidation uh from uh the pre, the earlier pre-market uh before it uh jumped around after 6 a.m.
So I think that 375 area is one that we're going to want to keep an eye on. If we lose that, it'll probably end up, you know, trading lower. But if we get support from there, then we are going to want to watch for a reversal and um for the price to come back up through the 65 EMA.
>> Okay. Uh good stuff. GMM Global MPHI AI, China name. Careful on that.