$GXY possibly confirming a Cup & Handle pattern on the weekly.
Looking in depth at ASX: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 will be red or green. Either way, I'm still bullish for the year.
Brad's Confidence Meter: ★★★★☆
Buy order: $3.80
Stop loss: $3.41 (-10.26%)
Take profit: $5.60 (+47.37%)
Risk to Reward Ratio: 4.62
Not financial advice. Be safe and good luck!
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 will be red or green. Either way, I'm still bullish for the year.
Brad's Confidence Meter: ★★★★☆
Buy order: $3.80
Stop loss: $3.41 (-10.26%)
Take profit: $5.60 (+47.37%)
Risk to Reward Ratio: 4.62
Not financial advice. Be safe and good luck!
Trade active:
Touched that trend line now.. So far so good..