GXY 0.00% $5.28 galaxy resources limited

Chart, page-3058

  1. 2,848 Posts.
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    @M92 you have been very spot on with that call you made in August
    "Now, what to watch out for next week:

    Scenario 1: Is there a pull back to the break out point? If so, expect ~30% rise from the breakout point of $1.88, which would give a target price of $2.45.

    Scenario 2: Is there no pull back to the break out point? If there is no significant pull back to the break out point (i.e. buying is sustained), then expect a rise of ~53% from the break out point of $1.88, which would give a target price of $2.88. By chance or not, this was actually the exact peak GXY reached in June 2016."

    https://hotcopper.com.au/threads/chart.3464796/page-1611?post_id=26315178

    I think you are most likely right

    Since Canaccord jumped back in from 2.36 to 2.58, even if it was them taking profit yesterday, we are already at the next re-entry levels. Lets see how it plays out.

    Cheers

    Tuna
 
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