Stringtickler, Any chartist will tell you that the function of a chart IS DEFINITELY to predict the future !! We,chartists are not historians ! In relation to the peak price, which was $2.40, it was hit for a few seconds and GXY closed that day at $1.985. Over the next few weeks it traded in the range of around $1.91 to $2.24. It is nearly impossible to get the best price,but I certainly strive to get a certain result within 10% or so. I know that GXY can trade against the market,but on Monday is it more likely to fall 5 -10c. I don't mind the friendly healthy debate on this subject,because it gives other viewers the chance to see the pros and cons on both sides. Cheers for now
GXY Price at posting:
57.3¢ Sentiment: ST Sell Disclosure: Not Held