There was triangular consolidation forming on lowering volume over the last few days... This can resolve either up or down in a sudden burst. The break down past 2.03 today was really a signal that it was going to fall... we then closed the gap at 1.83 which is why is bounced there. Then it fell further as people locked in previous profits.
Essentially the charts shows momentum was unable to keep prices up.
I lost a small packet on it...and yet I was waiting for it to break one way or the other...I didn't heed my own advice... doh !
GXY Price at posting:
59.3¢ Sentiment: None Disclosure: Held
