GXY 0.00% $5.28 galaxy resources limited

Chart, page-7940

  1. 908 Posts.
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    So where are we:
    1. GXY's SP = A#3.20
    2. My GXY FMV = A$2.00
    3. FY2018 Q1's Performance poor and unexplained by GXY's management.
    4.Monday's ASX release has been fully digested by the ASX with no enduring impact
    5. GXY has made a lower high which supports continuance of the current down trend in the SP.
    6. 100MA and 200MA still pointing downward indicating further SP declines ahead.
    7. So I expect to see GXY's SP decline next week and make a lower low on its way to A$2.00.
    Perfect shorting setup.  ( On the assumption no major ASX announcement over WE)
    Please DYOR
    Last edited by mmoore1957: 04/05/18
 
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