GL1 Charts, page-346

Yep, that bearish divergence has kicked in after being rejected at the 62% fib @ $1.89 right around the time the spot price started to drop again. I jumped out 10 days back on that little rise and am waiting to see where it settles down after this correction. The intraday charts have a higher low set up at the moment, but I'm wary of a B wave and a further drop to one of these two fib levels. This could be wave 2 of the larger wave 3 here too so we want it to stay above $1.31 to keep that count in play.
The volume is very light so there shouldn't be any serious concern for long term holders IMO, there's just a lot of caution out there from buyers at the moment allowing it to be walked down pretty easily.