If you pull back & look at a monthly chart it's hitting a bottom around the $0.80 to a $1 range.
The MACD is rounding off.
After the SP has spent the past 12 months moving basically straight down, a period of consolidation is needed before moving back up.
Mostly likely trading sideways between 85 cents to $1.10 range. Could last between weeks or months.
But yes, GXY SP is looking more bullish on the charts for now.
Chart, page-15462
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