GXY galaxy resources limited

1.50 next week, page-8

  1. 455 Posts.
    lightbulb Created with Sketch. 52
    What's wrong with telling someone my instinctive gut feeling?
    Instinct goes a long way you know.
    Here's some content then.

    Looking at the charts over the last 12 months, when there is a consistent drop in SP over a week, and followed by 1 green day.
    90% of the time the trend breaks (even if some of you call it temporary)

    At current prices we are within $100m of available cash market cap, it doesn't seem probably the drop will continue, but we'll probably see some consolidation and rounds between 1.2 - 1.6 until the company stabalises.

    Will be interesting but as i said the other day, i think we are over the big selling.
    Let's test the patience of these shorters now.
    GL
 
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