Galaxy Resources

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 34% gain based on current price of US$3.54 per share.