Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Chart, page-13347

First 13347 Last

Share
Profile

Follow
PatienceToWin

12,974 Posts.

1028

11/07/19

11:06

Post #: 39472570
Share

Originally posted by sf120 ↑

The steady share price even with volatile markets added with the upcoming quarterly makes for an interesting period.

I feel the quarterly will establish the record production trend we saw from April. Cost therefore will be low and margin high enough to demonstrate we are profitable. Shipping will also show the targets were met albeit with a few days delay. Add to this the cheapness of the share price could get us a boost.

On a technical side, if we can break 1.60's and hold we should be out of the down channel. Add to this the volume consolidation makes it likely the break will hold and we will then finally set the new channel which i expect to see us in an up-trend given industry wide consumption increases.

Then again, i dont think anyone has been successful predicting GXY given the amount of institutional shorting . Nevertheless the upside risk is far higher than the downside risk

Expand

Excellent summary, thank you. Again, now is the time "not to sell"

GXY Price at posting: $1.34 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

PAM

PAM secures high-grade Chilean copper play in strong territory

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

There are more pages in this discussion • 10,120 more messages in this thread...

First 13347 Last

Add GXY (ASX) to my watchlist