From a technical perspective chart continues to make lower lows so still going down.
as far as fundamentals go I think I am safe in saying as long as GXY doesn't become insolvent they will be in a good position to make a lot of money on the other side.
As far as what will turn the trend around I think is also safe to say it is now in the hands of the stimulus packages of various countries and ASX would still benefit from the stimulus of other countries. Having said that I've seen reports that up to 1T US bonds and REPO could be in play by the end of the month and Australia is chipping in too.
pack away estimates of price. We'll See what happens with the injections of capital.
Probably for me to not try and catch the falling k nice and wait for the first confirmed higher low but I'm an idiot at this so will probably buy more at some stage betting that GXY will stay solvent.
At this price that is all they have to do to satisfy me.
GLTA
GXY Price at posting:
71.5¢ Sentiment: Hold Disclosure: Held