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momo_lol

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28/09/17

09:11

Post #: 27508206
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Originally posted by Ninja Tuna ↑

@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."

https://hotcopper.com.au/threads/chart.3464796/page-1611?post_id=26315178

I think you are most likely right

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

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@M92 @Ninja Tuna
Spot on Ninja! according to the report I got, insto didnt sell their holding but Macq insto accumulated another $600k worth, sell sight seems to be like retail/day traders in and out multi times during the day.

Last & This week, because Macqu keeps on buying their avg price is around$2.64.4
Morgan Stanley also bought in around $3million dollars worth at avg $2.68.5 (they lift gxy's target price by 33% up... so more room to go). Credit Cuisses put in $2.6m worth at avg $2.69.6 so all these guys are in red and retail profit takers can only go so far...

This Month alone the above insto all got in a avg price of $2.52 so green days coming in my opinion.

GXY Price at posting: $2.45 Sentiment: Hold Disclosure: Held
29 Upvote

0 Great analysis

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