A series of spinning tops and consolidation at the end of a large downtrend looks like a positive sign to me. (c.)
Support has held so far (c.) Momentum has crossed in to the positive (b.) and we have a bullish cross on the MACD (a.). The stochastic (d.) is under 50 suggesting it is historically still cheap. However, I am not sure what to make of the volume as the trading activity has picked up in the last month to larger than normal volumes. (e.) This could be one of many things so I am looking to other indicators for clues.
Not noted on the chart are some gaps that can be filled later.
I entered a position yesterday and may further that position...
Hourly shows this maybe turning with contracting Bollinger bands looking for make a move soon / this week imo. (f.)
( we saw a similar chart on SDL at 34/35 cents the other week before a bounce to 41.5.)
GXY Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
