Tale of the tape for GXY
a) 5 & 9 ema has dropped below 20 sma............bearish
b) 20sma & 50 ema are showing a bend..............bearish
c) Volume is not decreasing..........bearish
d) MACD & RSI, still yet to find a base and turn up...........bearish
e) AO is not showing any green shoots yet.
Lastly, if a reversal was on, then I would have wanted to see the candles thinned down from chunky to spin top or doji with decreased volume, just not happening atm., tomorrow will tell us more as to whether the support and resistance zone gets a nudge or not, the probability is strengthening by the day.that it will as I dont see alot of positives yet.
Anyway, not trying to down ramp here to suit an agenda here as
@GCar is suggesting, immature comment, just calling it how I see it, BUY & SELL, if the truth metre hurts, just put me on ignore.
IMO, no financial advice here, DYOR
