GXY 0.00% $5.28 galaxy resources limited

Of course there's manipulation, there no doubt about it. Its...

  1. 7,142 Posts.
    lightbulb Created with Sketch. 1684
    Of course there's manipulation, there no doubt about it. Its written in nearly every stock trading book by all types of experienced pros.

    The "manipulators" made use of the negative sentiment + tax loss selling period and managed to push it below the long term trend line with the aid of shorters. The high volume push down happened almost exactly at the LT trend line, Morningstar's fair value of 1.893 sits right about on that line. Its also at that point where around 3% of shorts were covered. This leads me to believe anything below the trend line around $1.80 is a setup for a major bear trap, watch out retail shorters. See example below, judging by the sentiment on HC we are at a period of despair....almost textbook.

    We are just small fish in an ocean full of sharks, these large organisation of sharks actually have a budget for fines.....they have prepared to get caught! The system is setup in their favour, the people who control the system are probably also benefactors. Even if u catch them out and manage to expose them successfully, they just happily pay up for it, no biggie, they've made so much from mom and dads already. You need some kind of royal commission to change the system otherwise theres not much that can be done unfortunately. Just recognise it, and play it to your advantage.

    CWB-ILUVEAAhEce.jpg
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.