GXY 0.00% $5.28 galaxy resources limited

noob charter, feed backs welcome. I think tmr will be a critical...

  1. R66
    98 Posts.
    lightbulb Created with Sketch. 24
    noob charter, feed backs welcome.

    I think tmr will be a critical day deciding the trend for the rest of the week. Few things to note:
    1. shorter increased from 9% to 20% today, this could suggest a potential change in sentiment. we are still one of the most shorted stock on the market.
    2. we formed a doji today and possible reversal into a bearish trend in coming few days
    3. RSI weakened today compared to the sharp rise from yesterday.
    4. Strong push back to 3.27 on closing seems like a good thing
    5. most indicator still suggest a bullish on look

    I suspect rise in price on Monday have taken the 7pm announcement as someone stated that korean news already reported this earlier, what are the chances big boys misses out on that news from earlier.

    I hope ProCap is correct and we can challenge the 3.60 line sooner than later. I guess if we are lucky $5 might not even be out of the question judging from how fast we went to 4.50 from 3 in 2017. DYOR.

    ignore support lines they are my personal position reserves and stop losses, i've decided convert most of my long term into position trading due to excessive fluctuations in GXY.

    GO GXY. chart 10_7_2018.png
    Last edited by R66: 10/07/18
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.