A 17.4 % rise is not-too-much of a stretch for this coming week..As it's not my finger on Friday's chopping-block i feel well positioned to evaluate the prospects of near term $1.45 SP in the cool light of day..
Positive leads from overseas markets underlined by the Lithium ETF (LIT) surpassing $30 for the 1st time in over-a-year is encouraging
The 1st challenge for his finger is GXY breaking through the latest higher-high resistance point $1.32 . Above that is psychological level $1.50 and if we end-up sitting between those two levels it makes sense for Galaxy to be settling/consolidating a few cents south of $1.50 ahead of subsequent leg-up next month..Nice headwinds pressuring shorts to cover..
It may well come right down to-the-wire relying on a 'Galaxy Friday'..extra interesting week ahead..Aside from what i personally have-to-gain i really do want the best for Nic's finger..Takes having 'skin in the game' to a whole new level..
GLTNF
GXY Price at posting:
$1.24 Sentiment: Buy Disclosure: Held
