GXY 0.00% $5.28 galaxy resources limited

Needs to break through resistance @ $3.82. Usually takes traders...

  1. 160 Posts.
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    Needs to break through resistance @ $3.82. Usually takes traders 3 attempts before the bulls stomp the bears in a convincing continuation. We are at attempt number 2 now with a retreat. If we do see another push towards $3.82 and breakthrough, the indicator will be even more reliable if backed by strong volume as we are seeing low volumes for the relative price action compared to prior trading sessions.

    By the way, long time lurker and starting to post more so welcome any feedback. You won't find me definitively calling anything (even a broken clock is right twice a day) but rather articulate the range of outcomes and highlighting the skew based on the balance of probabilities.
 
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