Weekly:
The charts are still pretty much where they were a month ago with the original LT lower trend at 5.6 holding on (grey/white line near current wick). The last 3 weeks have been net selling of roughly 11m shares. Fast STOCHs appears falling below the slow, RSI is circa 60 and falling. Weekly chart appears 5.1 could be a target. End of December buying at 6.0 could become a weak point if the SP gets some momentum.
Daily:
Downward pressure still showing on the daily although last Friday was net buying of 700k and weekly net selling 3.4m shares. Slow STOCHs is near 14 indicating an oversold while SP sitting on the down trend (yellow near current wick)
We may see an uptick in buying at this level, if I was purely speculating this is where I'd consider a buy however there's still weakness showing in the charts and sentiment isn't positive. 5.1 and 6 are my watch for the moment LT. ST: The 4-hourly chart is showing a potential speculative buy with a 6 to 20% upside and ~7% downside.
GLTA
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