GXY 0.00% $5.28 galaxy resources limited

The order was 15, which was canceled and then re-placed closer...

  1. 92 Posts.
    The order was 15, which was canceled and then re-placed closer to 5pm.

    Shorters have left the building, the closer it got to that critical support at 34.5, and the gap closure of 32.5 was confirmation of floor. Had it continued south, support would have broken then we would be seeing deep red today/tomorrow. Price was close to support, it had to go there before next move up.

    The shorts have been dropping off. Volumes are up as price was dropping = market sees floor as good entry.

    That close was a huge signal, close ng above top of day - show me an example where that is not an extremely bullish sign; not to mention those huge line wipes and after hour trade OVER THE TOP OF DAY HIGHS! That means someone after today's action decided price was cheap over and above price. Why? Coz no one will be selling sub 41.5 being the next resisitance. This will gap up on open, absolutely no doubt. Besides shorters dropping off, who is going to bet against a close above highs/vwap? Not worth the risk at all.

    http://www.shortman.com.au/stock?q=Gxy
 
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