I think the next few months will be an excellent time for accumulation. The 50day MA has not crossed the 100day MA yet. I'll be waiting for them both to face upwards, and the 25 day MA to cross up above both. In the short term, I think there will be support at $3.00, $2.80, and $2.40. MACD in negative territory and about to cross down.
There's been 2 distinct cycles and I think GXY is about to complete the third. No point fighting it guys. Been in and out of GXY since it was $1.60. Very excited for cheap shares again.
GXY Price at posting:
$3.16 Sentiment: Hold Disclosure: Not Held
