We have seen solid consolidation around the 90-95c level. The last push down following the IMF announcement has shown we have now seen our base and momentum should build strongly from here.
With profit reporting season kicking off tomorrow, we should feel confident that the previous guidance provided at the AGM will be met (and if they are any good - exceeded).
Price should start on an uptrend following this consolidation and confirmation of financial performance will be the catalyst.
I like the constant buying of stock at these levels. This level of accumulation generally precedes a stock rally.
GLTA
SPO Price at posting:
93.3¢ Sentiment: None Disclosure: Held
