GAL:ASX - GALILEO MINING - Reversal off support?

2020年10月6日

Just for something different, I was having a look through some of todays ASX announcements and thought GAL looked interesting. Todays announcement was around their increased focus on Nickel and Cobalt. Nickel is particularly interesting off the back of Teslas recent Battery Day announcements saying their demand for Nickel will be strong over the the next few years. From a technical perspective it looks like GAL might be bouncing off a fairly strong support area, RSI well and truly in oversold territory, but now pointing up sharply, current price is above its 8 day moving average. Quite a lot of potential upside if it does reverse and run. Current demand is on the stocks side as well with 53 buyers for 1,685,485 units vs 21 sellers for 660,696 units. ClinicalTrader here on Trading View also likes it so could be well worth a watch.

SuperTrail says it might be a day or two early yet for confirmation. If it was up again tomorrow or the next day could be interesting.

2020年10月14日

交易結束：達到停損點

Stopped out today on stop loss for a reasonable profit. Alert set to buy back in on turnaround.