The chart below is the DOWN TREND linear regression channel from 01/18.
The recent rally that was halted @ $1.81c. and the subsequent retrace back to test the $1.46c. level was not a mere coincidence.
Although there was a low of $1.445c, . on 01/05/19, the critical support level (closing price) is $1.46c.
So, expect the price action to RANGE between these two levels until a break out.
UP or DOWN??
Cheers.
GXY Price at posting:
$1.47 Sentiment: None Disclosure: Not Held