Weekly view and drew the bottom support trend line with 3 connecting points. >>> cloned the line and placed it on top of the last confirmed high. = we had a fakeout 2 weeks ago on the weekly and last week touched the same point. It all just lined itself up. The indicators also appear to be reversing on weekly and more confirming on daily view. Pink line is...
Doji rejected and price broke the 10 day EMA that was holding the price up. Price also broke through secondary trend in orange. technicals looking negative and pointing to a continuation to the downside following the large red candle. next support at 52.5c
Gap up above recent highs into next Fibonacci level. Still trading within a new slower rising (pink lines) channel using old channel resistance as support. GXY just entered a trading halt upon take over / asset sale speculation. Heiken Ashi chart shows growing positive momentum. Also note the indicators showing strong momentum to the upside
1) Doji formation 22/1/16 indicating further indecision after then big bearish candle. 2) MACD (3.7.3) looks to be crossing over to the positive 3) Heiken Ashi bars show weakness in the bearish move and possible reversal 4) price has broken out of black line channel but seems to be bound by the green lined symmetrical triangle. 5) Stochastic and on balance volume...
Gap up on the 8th of Decemeber closed out and a fakeout of the channel to 46c... up we go from here. Today we will close above 46.5c within the current rising channel. Solid last chance buying opportunity here in the old area of consolidation my friends. note the brown trendline from the april to june highs matching up perfectly with current trend and cup...
Purple lines indicate previous consolidation zone in JUL/AUG. Forks show a nice upwards trend hovering at the upper prongs 50% level and the black support line seems to be holding up well too. All systems go here when we pass the 49-50c area to the depth of the cup and handle pattern indication of 66c