Minor update, stuff we can all see I guess.
5.6/5.4 becoming a reality. Critical to watch for direction will be volume around the current price levels.
Net turnover stats:
Oct: 96m turnover with 30.7M net selling
Nov: 65M turnover with 15M net selling
Dec so far: 29M turnover with 10M net selling
Daily chart:
Monthly chart:
A positive takeaway from the monthly is that turnover is declining and the SP is reaching the level where the largest net buying events occurred (early 2021).
For reference, here is the net buy/sell chart
It shows a reduction in the net selling and volume over last 3 months. Last time this occurred was June 2021 where the SP went from 6.8c to its high of 35c.
Only time will tell but trend history says we could see a bump in net buying activity which IMO is the trigger to watch for. FYI, SP prior to early Jan 2021 was 1.3c.
GLTA
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