@M92 you have been very spot on with that call you made in August
"Now, what to watch out for next week:
Scenario 1: Is there a pull back to the break out point? If so, expect ~30% rise from the breakout point of $1.88, which would give a target price of $2.45.
Scenario 2: Is there no pull back to the break out point? If there is no significant pull back to the break out point (i.e. buying is sustained), then expect a rise of ~53% from the break out point of $1.88, which would give a target price of $2.88. By chance or not, this was actually the exact peak GXY reached in June 2016."
Since Canaccord jumped back in from 2.36 to 2.58, even if it was them taking profit yesterday, we are already at the next re-entry levels. Lets see how it plays out.
Cheers
Tuna
GXY Price at posting:
$2.45 Sentiment: Buy Disclosure: Held