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bombom

1,267 Posts.

105

17/01/21

23:58

Post #: 50232852
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Originally posted by Meenarow: ↑

Hi Beisha

Well presented charts but I’m not sure it predicts the next move.
Are you ignoring the reverse flag from Thursday.It’s the biggest flag in the last 6 months and Fridays range was narrow and only closed down 4 cents.
I think there is a good chance of a rise tomorrow in response to this flag.
I predicted a possible rise last Friday due to Insto buying but they probably saw my comment and decided not to buy( yeah.....sure)

Also going back a few years GXY rose from a low of $1.50 to $4.50 over a period of about 7 months ie a $3.00 gain.
So going back to the recent low of 70 cents, add $3.00 and you get $3.70 so ? heading to this soon.

The above just shows we can find what suits us in charts but who knows what the future holds.

Good luck Beisha

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"The above just shows we can find what suits us in charts but who knows what the future holds."
So why bother to look?

GXY Price at posting: $2.80 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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