As the reason for the stocks steep ascent has been around for quite a while it would seem a little strange that an entry point of 67cents was used.
He could have tipped in $15K at 10 cents and acquired just as many.
Anyway the technicals on the chart are looking very bearish with yesterdays low volume rally being followed by an even lower volume retracement today. The Descending triangle is looking stronger with the lower liquidity.
The long term support line is currently in the range of 72-75 depending on how many days out you look. The steep descent of the descending triangle should proove interesting at this level with either a strong rebound or knife like fall.
Once again looking for volume and price action to confirm a trend reversal.
IMO DYOR
GOT Price at posting:
84.0¢ Sentiment: None Disclosure: Held
