A quick glance at the chart with todays trade suggests that there might be hope for it yet. However, checking the course of sales it traded in the lower price today, and ended "even" on approx 50k shares. That is not very convincing imho.
You are right though there is compression on the bol bands, however on daily the long term mov averages are starting to separate..to the downtrend. Weekly chart has a narrowing wedge formation as well, but adx (daily) is suggesting it could move up where as adx (weekly) is suggesting further downward movement...mmmm. On a major stock this would be "short the rally"
GDN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
