GXY 5.15% $1.38 galaxy resources limited

I had some GXY shares once, but took a small profit and moved...

  1. 126 Posts.
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    I had some GXY shares once, but took a small profit and moved on. Looking at the 5-year chart now, I see a bull run from Oct 2015 through June 2016, then about a 30% retrace over the next 3 months, followed by another bull run into Jan 2017, new high, followed by a retrace of about 50% for 5 months into June 2017, followed by a third bull run to a new high in Jan 2018, when Bitcoin reversed direction, and so did the whole of the world stock markets at that time. The retrace until now has been extended over 18 months, and about 70%.

    It is my belief, based only on the charts, that GXY will see a sudden drop to about $1 very soon, and that will be the next bottom prior to a new bull run. I don't know the future any better than the next guy, but that's the way I see things for GXY. I see PLS and AJM had basically two bull runs each over the same time, both suffering bigger pull-backs, and again, looks to my eye like they are about to bottom before too much longer. The big-money rotates from sector to sector, with gold miners getting attention recently, but in my estimation, the lithium sector is beginning to look juicy again, and they will pump it again before long.

 
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Last
$1.38
Change
0.068(5.15%)
Mkt cap ! $536.2M
Open High Low Value Volume
$1.35 $1.41 $1.33 $8.515M 6.180M

Buyers (Bids)

No. Vol. Price($)
21 66271 $1.38
 

Sellers (Offers)

Price($) Vol. No.
$1.38 16982 13
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Last update - 14.15pm 16/07/2019 (20 minute delay) ?
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Last
$1.39
  Change
0.068 ( 5.52 %)
Open High Low Volume
$1.36 $1.41 $1.34 1209539
Last updated 14.33pm 16/07/2019 (live) ?
GXY (ASX) Chart
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