Galaxy... GXY... Chart..., page-358

41c is not too much at all....
Look at the chart
-12/08 41, 41.5 is light support, drifts to strong support and oversold at 32.5 shoots straight back to 40.5 19/08
-By 23/08, 23/08 the light support line at 41 now becomes new resistance, falls 10% and tests again on 06/09
-Falls to 32 again 12/09 forming strong support and continuing to stick and move in the downward channel, tests resistance at 40 one week later 19/09.
-The test last week was to see if 32 would stay as support or flip and become resistance. If it closed consistently under 30 for some days in a row with volatility you could strongly suggest it would continue down, and gap to mid 20s. Volume wise however, it stabalised.
-My chart assumption and view is that 34 to 36 is a break of that downward trend back towards to a more true valuation of the SP on the back of the plant update.

Tomorrow will tell if I have learned to read correctly into some market psychology or if all this typing is smoke up the arse.
To be honest I wanted it to fall to 27c so I could load up, but hey, I'm in the green either way.

GL