CFO TA Perspective

At the moment it appears that the price attempt to make a double bottom on the daily time frame  but not confirmed as yet.   The volumes traded is extremely low almost showing a lack of interest at least a better situation than panic selling which will have high volume on the down days.  Trying to guess if price will bottom around current levels is difficult . It appears from the weekly chart that a positive divergence is  possibly in play  similar  to the period Feb/Mar looking at the CCI  which is a leading indicator apart from reflecting an oversold position.   In my opinion  don't  think all is lost if some positive news  hit the deck in the near future. GLTA

About CCI indicator
CCI measures the difference between a security's price change and its average price change. High positive readings indicate that prices are well above their average, which is a show of strength. Low negative readings indicate that prices are well below their average, which is a show of weakness.
The Commodity Channel Index (CCI) can be used as either a coincident or leading indicator. As a coincident indicator, surges above +100 reflect strong price action that can signal the start of an uptrend. Plunges below -100 reflect weak price action that can signal the start of a downtrend.
As a leading indicator, chartists can look for overbought or oversold conditions that may foreshadow a mean reversion. Similarly, bullish and bearish divergences can be used to detect early momentum shifts and anticipate trend reversals.