GXY 0.00% $5.28 galaxy resources limited

The chart below is the DOWN TREND linear regression channel from...

  1. 4,672 Posts.
    lightbulb Created with Sketch. 5968
    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_ax21dec17_to_22feb20.png
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.