Galahad Metals Inc. V.GAX

Chart looks bad

[SwissInvestor]

if it breaks the MA 50 (daiy chart) (under 0,135) the next strong support would be the MA 200 (daily chart and MA 50(weekly chart) at around 0,10 can$. There is some support at 0,12 but i wouldn#t bet on it.
Would be healthy to test the low ten support for the long term.

[Rainman]

The chart could litterally go anywhere in the short term. I don't know where it will end this week. I do believe however, that we are very close to announcing a drill program that will draw attention to this play again. It's difficult, although not impossible, to imagine that being negative for the stock.Rainman

[Money75]

Chart won't mean squat when they announce round 2 drilling.  Remember, the results were excellent from round 1 and if you look at the results of the down hole geophysics on holes beneath the regourt shaft, you will see a very interesting target (C-4)....big red blob which they barely pierced with one hole in the first round.  High grade gold was found in close proximity.

[farmerlou]

I didn't think statistics based approaches were relevant with small samples like with gax where volume and price are greatly influenced by one or two people (or organiaed groups) who participated in the financings. As well, the short to medium term price of gax will be so news sensitive that the timing and content of news relaeases together with the actions of the above and promotion

[jpbb]

You hit the nail right on the head. I'd expect some news this week.

[Capitán]

Chart actually looks nice and has been consolidating on decreasing volume. Currently sitting on a 6 month trend Support. Let's go already, PDAC is just over a week away. Throw us a bone Robin.