To be Captain obvious (by pointing out the obvious), the 3 moves from here in the coming days will be one of:
1. Up. Which gives not too much help as a breakout is not confirmed unless there is a support level test. The breakout could shoot right up to the next resistance level, but there would be no clear warning of that if there isn't a test to show that the 'bottom' is in.
2. Down. Which is not much help either as it only delays the occurrence of option 1.
3. Nowhere. Yeah right. The likelihood of this is slim, seeing as it is psychology that when not much happens for a while people lose interest and sell to buy into things which are on the move, leading to a trickle down in SP.
I'm holding until there is a pull back of some kind.
GLTA
GXY Price at posting:
$4.03 Sentiment: Hold Disclosure: Held