I was too optimistic with consolidation in the mid-thirties the support didn’t hold and the price ended at the bottom support line of 28 cents. Good news is the weekly trading range is contracting showing the dominance of the seller diminishing. The positive divergence is still in play but that could take a long time as seen on MBK which just started to trend after about 5 months of range trading. However with the latest price drop to 25 cents the CCI indicator made a higher value - as the second short trend line shows. Volume is still extremely low showing no panic selling neither any buying interest. I would think we are due for a bounce so positive news from management will go a long way. GLTA
I was too optimistic with consolidation in the mid-thirties the...
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Mkt cap ! $1.468M | |||
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