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Darkstone

3,378 Posts.

3636

13/06/18

22:41

Post #: 33694516
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Originally posted by Squadger ↑

Since the SP sliced through the price-on-volume based support line at $3.29, based on sales over May-June, I have taken the price accounting back to mid Jan. It shows a support line at $3.00. There is time before the EOY for the SP "controllers" to bring it down to that level. The MACD seems to reflect that view.

I have reduced my top-up bids to the low $3 s. View attachment 1144444

Although nothing in TA that I know of says the price will go up in July, my guess is that FA will make it will shoot up to at least $3.47; higher if AT decides to give us break with a good announcement.

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LOL - Its going to be crowded at 300 with everyone trying to buy back in at that level and no one selling. The shorters may just have to settle for 310-315 as the turn point.

GXY Price at posting: $3.21 Sentiment: Buy Disclosure: Held
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