GXY 0.00% $5.28 galaxy resources limited

Macro Axis - strong sell recommendation, page-53

  1. 36 Posts.
    GXY.png Really depends. GXY is currently following a strong trend channel upwards. Given that someone else has claimed that a price-sensitive announcement is due tomorrow, we may see one of three things tomorrow or whenever this announcement is released:

    1. SP breaks above trend channel and won't be visiting 22/23 c anytime soon
    2. Bad news will drop the price to around 23 c, if it goes any lower, will consider selling
    3. False break out like previously, and will resume back into the trend channel, falling to around 23-24c in the future before rebounding back

    Just my opinion. DYOR
    Last edited by kevin1811: 31/03/16
 
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