Looking in depth at $GXY we can see this week's candle is potentially confirming a bullish move upwards as it shows signs of a successful Cup & Handle pattern. Tomorrow will tell. Other indicators to consider are the cross of the MACD. If the cross occurs on Friday then I'm 99% sure this will be a great long. However if not, it's up in the air whether next week...
ENTRY: 4.04 SL: 3.65 TP1: 4.49 TP2: 5.34 - ADX>20 - RSI>50, RSI>70 - Daily RS +ve - Daily FFI +ve - Daily MACD +ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - Breakout with decent volume on 14 Apr 2021 - Breakout with ok volume today. Prefer to be higher.
Model Forecast for Galaxy Resources Ltd: - Model has produced Line of Least Resistance Elliot Wave for GXY. - Cup and Handle breakout. - Galaxy Resources is a leading producer and developer of lithium. - We are bullish on commodities, especially metals. GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not...
GXY seems to have taken off north, after breaking out of the triangle with very High Volume, so any retracement lower shall be a fantastic buying opportunity as it has been in a clear uptrend forming higher highs and higher lows. All we need is a little retracement towards the Support level and trendline Support level of $2.45 where it may come to backtest and...
This morning Galaxy has broken through the upper limit of the recent channel, on strong volume. If the 4hr candle closes strong, it will also be a bullish engulfing pattern. I will be looking for a small retracement if this happens, where I will open a long position. TP around the $1.5 mark, SL $1.225. Lets see how if plays out. Welcome your comments, thanks!
Factors 1. Price has broken out of the recent ST downtrend (22/05/19 - 02/01/20) 2. There is a bullish candlestick printed with decent volume where price broke the recent downtrend (02/01/20) 3. Price made a higher low of 84c (06/12/19) 4. There is a gap at $1.29 which I would be looking to target. Possible Reasons For Failure 1. Momentum may fade and continue...
We broke out of long descending wedge on daily chart with consecutive green candles with S/R flip. We are still not out of the woods just yet but it's looking promising. Some more confirmation is needed for full confidence in trend reversal. We really want to be above the Ichimoku cloud. Looks overbought on the RSI so after retesting the new support, we should be...
Dears, please, follow our insurance on our chart. Good luck
Dear Traders, Please, take care and keep looking for completed the Harmonic from point C, and when the price gives us a price action on this area we can buy it and our target it will be point D, and SL it will be below point A. take care and good luck
Dear Traders, please, find our instructions and information on the chart. Good luck
still in a sell signal, wait a buy
Dear Traders, Please, find our comment on the chart for your information. thanks and good luck
Dears, Please, be informed we will have this trading for the long term, but first, we have to reach to the first Target. Good luck, Important The analysis and ideas published here, not an investment recommendation or any call to buy or sell, is merely an analysis and a vision based on the study of the history of price movement and behavior which may not...
Galaxy Resources GXY is top stock in ASX 300 today, up 8%. The last buy signal generated by Bottom Finder 2.2 script, represented by the tall red spike was triggered 10am today, spot on, bottom detected at 1 hour time frame. Potential profit of 10% from GXY if stocks was bought at time of signal. The tall red spikes indicate Strong buy signals while the Short...
The MACD and the RSI are both indicating oversold conditions. The 88.6% Fib retracement of the down move from 3.54 to 2.21 and the inverse head and shoulder seem to be aligned within a very tight range. Looks like a 5 wave Hamonic Impulse Wave has started. The wave 1 and 2 are in place. Now need a trigger to start climbing towards the $3.40 target a potental of...