Galaxy... GXY... Chart..., page-2188

A different take on the chart analysis.
Big question is - Are sellers running out of supply?

Just totting up the trading history for January.
Seems over 300m shares traded in Jan over 60c according to Commsec. thats about 15% of registry.
Add Chi-X. I'm guessing here but they've regularly been 60% of ASX. add about another 9%
Our Top 20 has been sticky add another 48.1%

That's 72% of shares unlikely to be on the blocks right now sub 60c.
Unless, that is our friendly chart-wielders have scared people out of the belief that the largest pure play lithium producer is suddenly, on balance, a bad investment.

But

Of the remaining shares how many are long term holds? - guys like me and Deano etc who bought large parcels a year ago. Plenty here from the old days. Sub 20c. Sub30c. Sub 40c.

Still here and buying the dips. Perhaps 10-20%? there.
Who knows?
These are all rough figures but the popularity of 60c shares all day long now point to seller exhaustion.
And perhaps some of the big buyers have worked this out. How to set a Bear Trap.


And on the flip side - those who sold in the 60s - how many are praying for shares in the 50s to scalp. Too many now. And how many of them and what price will they pay in the 60s to chase it when it takes off?.....

All stuff we find out soon.
Good Luck