The gap is between 0.400 cents and 0.402 cents (created between 25/28 November). The SP touched the upper range of the gap this morning (on Commsec), not the lower. It needs to have a trade at 0.400 to close the gap, but IMHO a gap that tiny is really splitting hairs. However, from a TA point of view, we now have a nice double bottom (5Apr and yesterday, and a tweezer-ish bottom yesterday and today) which suggests upwards from here, Technically, it's been in oversold territory for two weeks, but a MACD crossover is needed as a confirming buy signal. Low-risk traders would want to see the higher low/higher high scenario as well.
GW
GXY Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held