GXY 0.00% $5.28 galaxy resources limited

Ann: Mt Cattlin Shipment Update, page-268

  1. 3,002 Posts.
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    closing activity heavier on the buy side = favorable short term conditions (but it had to bounce eventually so not holding my breathe but equally not bothered by the low share price. )

    https://hotcopper.com.au/data/attachments/1614/1614929-9d85106e4fede50800fa26050bee5776.jpg

    Significant volume since April continues, big change in shareholder registry and likely a closing out of short positions using the bottom 80% of shareholders shares

    https://hotcopper.com.au/data/attachments/1614/1614938-1ebc9aa81f875366d37b3f79f4098398.jpg

    Bounce coming to $1.60's at least but hoping the volume absorption has put an end to the downward momentum. Certainly this volume absorption has to result in a change to the investor sentiment given those sellers have been absorbed, who ever is on the registry now is unlikely to be a seller. As many have allude the floor is either set or very close. on to the next peak!


 
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