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The 618 retracement level is my indicator. I dont know if it...

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dmans

576 Posts.

30/09/17

05:57

Post #: 27566535
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Originally posted by Gameplanon ↑

I think it would be fair to say that the PLS deal was a totally unexpected surprise to the majority of holders.
It will be the same with GXY, the TH could come at any time with the announcement of SDV/JB and even our current little cash cow. For that reason plus the fact that 2018 pricing could come any time between now and Xmas. Not to mention the fact that Lithium is a hot topic at the moment and all the news is about securing future supply.
With all that in mind, I believe the sp could pull back slightly before it's push up to 3.00 and beyond but I certainly can't see it retracing back to 2.15.
Can you share with me your reason why you think it will retrace back to 2.15???

Cheers

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The 618 retracement level is my indicator. I dont know if it will retrace to this point but if it does im back in and the fib extention from this point is close to 3.00 so it would be a nice trade.

It might not retrace, it which point i would not be making the trade and i will have to look at a new entry point.

Last edited by dmans: 30/09/17

GXY Price at posting: $2.60 Sentiment: None Disclosure: Not Held
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0 Great analysis

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