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10 Posts.
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02/08/18
21:10
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That is definitely the smart play.
Free fall to the weekly 200MA @ $1.70 is Possible if we break through with force the weekly 100MA @ $2.70
Last time GXY bottomed 15-07-17 the weekly 100MA acted as support. I think it will be tough to break.
There is now high risk compared to reward in taking a short position. Technically and fundamentally.
I think we will see a short squeeze.
Likely to know the scenario either way very soon.
I’m bullish Right now as the buy signals are looking clear and an opportunity like this not seen since a year ago.
If we get this bounce buying will become aggressive.
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