[isatrader]

Since GEMD.L closed above the recent highs surely it has just broken out?

It broke out into Stage 2A five weeks ago on the 16th July, but didn't have much volume on the breakout day. Three weeks ago it had a big weekly reversal bar, and then consolidated for the following few weeks, before breaking out above the recent swing high yesterday. So imo, it's making it's first minor continuation attempt within early Stage 2, and needs a weekly close above the swing high to confirm.