They mainly rely on candlestick patterns; but have a lot of false positives as a result of not taking into account dominant support/resistances levels; news and other factors. I dont think they even consider volumes; which considering it is way up seems stupid (way up vol on sliding price = bounce). All the recommendations are system generated; also wont take into account news etc. So the result wont change until another completed session is done with.
I'd be putting *far* more weight on the shorters dropping off ; you guys were battling 20-50% shorts over the past period of time; so good luck seeing a positive share price!
Anyway, good luck to holders today! 32.5 was a key turning point; good things from here ;-)
GXY Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
