Novac,
Trading is very fragile in GOT at the moment. Had the Director increased his stake by 5-10% the market may have taken notice.
The liquidity has dried up and the stock has formed a descending triangle.
Yesterdays bounce was on half the volume of the previous days sell down.
The pattern to watch here at the moment is the movements on volume. The descending triangle looks like intersecting the longer term support at or around the 75-77 cent mark in the next few days.
MAV's, Stochastics, Divergance all look pretty terrible at the moment.
On the Upside it must break $1.03 to confirm trend reversal.
On the downside a break through the long term support line should see a test of 58 cents.
Only volume buying can reverse this trend at the moment.
IMO
DYOR
Novac,Trading is very fragile in GOT at the moment. Had the...
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)