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Mosb

259 Posts.

46

12/02/18

15:09

Post #: 30997597
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Originally posted by Mosb ↑

Spinning Top + Green Candle on weeklies (first in 5 weeks) following the gap down Monday morning.. Open week at $3.00 Close at $3.04

Sellers losing conviction and bottom forming.. Look for confirmation early next week - big push higher from $3.00 early Monday will be v bullish

IMO I think US equity moves become less important for GXY as the big shock has hopefully been and gone - now we will just have noise in global equities as the market finds its new equilibrium and become accustomed to new higher-vol regime

Global economy strong, battery/EV Revolution not going away and we have early mover advantage, no debt and plenty of unrealised potential.

Anything with a $2 on the front of it I'll be buying most certainly..

Good Luck - nice weekend

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Looks like the Spinning top worked so far.. Asian Equities look healthy today (Nikkei Closed) and US Equity Futures point to more consolidation.

Its good to see an orderly push higher also nothing crazy and no gaps to fill on the downside (not that I watch gaps that closely...)

With oversupply fears yesterdays news I would love to see a run at $3.50 this week..

GLTA

GXY Price at posting: $3.25 Sentiment: Buy Disclosure: Held
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0 Great analysis

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