GRL it seems is a slow mover, or so the comments here suggest. So I thought to share this chart I made as part of my morning review and DD.
It is a Heiken-Ashi candle chart (google that if it is new to you) which tends to reject one day contrary moves, smooths out the graph and looks for dominant moves. I don't swear by it but do take note when other indicators go haywire.
Note the relationship between the long moves in the green candles and the constrictions in the Bollinger Bands - the latest constriction is a 6 month minimum (the BB Width indicator has been deleted for clarity, also deleted is RSI which is a good thing to look at when BBW goes minimum).
What interests me is the small green candle formed yesterday, right on the BBW minimium and after a four days of uncertainty - that suggests a change of trend upwards. I will watch how RSI moves (which will follow a few up days) to confirm a continuation of the upward trend. The table to the right shows a weakness in sell side near the tick, also confirming (in my mind) that holders are content to wait for results.
In these uncertain times I mark this one a hold for news, at an attractive M.Cap. Please DYOR.
GRL Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)