Looks like she is desperately testing the 200EMA (black line) on the weekly chart at $1.60, but was rejeted. A weekly close above $1.60 would solidify the recent daily Golden Cross, and $1.60 should be the new base. MACD strength showing this is possible, but the RSI is heading to overbought territory and we are trading at the top end of the bollinger bands.
It will be interesting to see how she pans out. Hoping some near term catalysts assist with breaching the weekly 200EMA.
Thoughts?
GXY Price at posting:
$1.58 Sentiment: Buy Disclosure: Held
