Nice week of consolidation in the stock with weekly vol down from 18.3m to 3.8m.
GCX has run from 3.2 to 5.7 on this leg & the extent of the correction of that move thus far has only been .7c, or 28% - to the best of my knowledge not a Fibonacci number yet well within a reasonable range of percentage corrections for what was a 78% move.
The lower vol confirms that the stock has tightened nicely at these levels with the relatively large sellers having seemingly exited.
Wouldn't be surprised to see the stock start its next leg up early next week as Thomas boards the plane for the Tribecac conference in Singapore that begins on the 26th. Hopefully he has some meetings with large investors lined up.
Similarly, would expect an updated slide deck to be released on the 28th to correspond with his presentation.
Would be fantastic if his presentation was recorded & could be released so those of us not attending could view.
Anyhow, steady as she goes & looking forward to next week.
GCX Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
