What an interesting day of trading...
Someone providing large supply at 65c, and this supply continually getting soaked up.
Then a small sell down to 61.5c, perhaps with the goal of triggering stop losses to pick up some cheaper shares. This failed as the bulls took back over and bought into 65c.
Then at 3pm the market was notified of a large $320k off-market block trade at 64c.
It's holding up strong around 65c. And looks like a bullish ascending triangle forming on the daily chart and an uptrend on the weekly chart.
I guess there's a decent announcement in the pipeline?
If you're sitting on the sidelines, now might be the time to buy in.
GLTAH
XF1 Price at posting:
64.5¢ Sentiment: Buy Disclosure: Held
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