It is hovering near the support of the down-trending parallel channel. Take a look at the chart in weekly to remove the 'noise' and you will see consistent lower lows & lower highs. If you have a massive set between your legs you can attempt to ride the up move in the down trend however the reward may not outweigh the risk presented here.
The first rule of trading club is you don't buy in down trends. Good Luck.
GXY Price at posting:
$1.59 Sentiment: None Disclosure: Not Held
