GLN 0.00% 11.5¢ galan lithium limited

Charting, page-1519

  1. 5,702 Posts.
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    THE WEEK THAT WAS

    https://hotcopper.com.au/data/attachments/3885/3885298-8b67e51563f1885b422ce70078e29627.jpg
    Dow looking HOT again, nice push off from 34277 support with above average volume

    No worries from this index for the forseeable future...........bullish.

    https://hotcopper.com.au/data/attachments/3885/3885320-d664a1317c5af9293482393983fab4f9.jpg
    Positive moves from the GLOBAL X.

    Pushed off 86 support with above average volume, not sure if ABC is done yet, but its close , a follow up green candle would tell me everything i need to know.

    https://hotcopper.com.au/data/attachments/3885/3885347-8c7e0336762da831ba2af4b7c67331a5.jpg
    Blue arrow pointing to a long lower shadow candle, bullish in the fact that 134 was rejected big time, then had a crack at breaking 160, finally the main concentration of demand settled just shy of the 23 fib resistance............a wild ride that started poorly early in the week, then a nice recovery.

    If you observe the green bodies of the last 2 candles, we have a higher low / high scenario...wink.png

    Next week should be postive for GLN with macro catalysts solid, however, i cant speak for what the bot / insto has in mind.

    A clear break of the 23 / 38 fib resistance , and GLN is flying.

    Everything i say is IMO

    Good luck all





 
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Last trade - 14.27pm 06/09/2024 (20 minute delay) ?
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