Once again, even though there has been suffering over the past 15mths, there is an indicator that seems to be quite reliable here to flag a turnaround of sorts.
The Relative Strength Index (RSI) is now at 30, a low number that, the past 8 times it has been breached, has been the TA trigger a change to buy.
So, the TA brigade will be watching this number closely, looking for another technical change in sentiment. (Oh, and there might be another 16% odd out there equally as interested )
The disconnect between LIT and GXY also might suggest there is a gap that has widened too far.
GLA.
GXY Price at posting:
$1.83 Sentiment: Hold Disclosure: Not Held
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