GLN 10.3% 16.0¢ galan lithium limited

General Discussion Banter DMI, page-8

  1. 757 Posts.
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    Bit overbought on a daily, but there isn't enough volume for proper analysis. You could overlay any sort of theory over it and it would be cracked by one guy placing one trade for no reason other than "just cos".

    Keep in mind there's a bit of the vendor stock coming out with the deal later this week maybe (placed at 5c, and there was a bit spread around). Not saying its a big risk but you'd need to see some buyers soak it up, maybe the announcement of the deal/geophys will be enough.

    Promo should be starting soon, so I wouldn't be too panicky about buying it here for a hold, just wouldn't go all in for a trade expecting it to Argosy overnight.
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