Closed higher than Darvas box on the 16th, Positive, 31 day CCI is slightly higher than 0, positive, MACD crossed over on the 16th, positive, the GMMA (Guppy) closed higher than the slow moving multiple averages, positive. It looks like there is agreement on price with traders and investors on 52 cents and I see that as a stronghold I would be very surprised if the price would drop back under 50 cents. Looking up I can't see real resistance untill 59 cents, for me first price target is 63.5 cents.
GXY Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
