On the 15m there was a VERY strong rejection of price at $3.62. Yesterday my view to short/medium term players to stay on sideline and look for re-entry around here. Now that the gap has closed and a strong bounce of the RSI, onwards and upwards to retest previous highs. If $3.80 holds at the close a strong indication of a bullish continuation of the uptrend to test new highs in the trading sessions to come.
GXY Price at posting:
$3.80 Sentiment: Buy Disclosure: Held