GXY 0.00% $5.28 galaxy resources limited

Chart, page-22599

  1. 3,526 Posts.
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    Anne, it is the collective opinion of the TA team on this thread that it is falling as expected because this is a technical correction, that is all. The only question really is why it hasn't yet commence the Bc part of the B wave in the correction. We are expecting it to come down to between 290 and 326 as part of the C wave correction, after which we are expecting it to recommence it's climb with 450 as the initial target.

    If you read back over the previous posts, you will see that we have been anticipating this fall for a few weeks and the discussion was not about if but when and how big. You will note that none (I believe) of the TA posters here are concerned. Frustrated maybe that we might not be getting the dead cat bounce we are owed, but not surprised by the over all movement. It has nothing to do with the company per-se it is just the normal TA behaviour of shares after a 5 cycle rise.

    All in my opinion, and not advice.
 
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