GXY 0.00% $5.28 galaxy resources limited

Chart, page-14559

  1. 3,335 Posts.
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    LOL. Dang, well that went up faster than expected. It should be 93.5 now, but it is 94.5 to 95 already. 94.5 should have been around 2:30 PM. Better push all those estimates up by a cent or so. So just for fun lets say 96.5 to 97 for peak and 96 - 96.5 for close. Trying real hard to decide if this is a trade this time or not. The timing is a bit earlier than desired, given it is probably two weeks until the next big announcement, so a lot depends on the on-going media hype. If it cracks 98 on this cycle it will be significant, if it cracks 100, I doubt it will fall back to the previous lows, cracking 110 and it will be all over for a while, at least until January. But at anything over 97 I am more guessing than estimating at the moment because there isn't a pre-existing pattern to follow, it will be more back to conventional TA with resistance and support points. Volumes are still in the sensible range so it looks more controlled than hyped.
 
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