Guys, IMHO from a charting perspective the prognosis is not...

Guys, IMHO from a charting perspective the prognosis is not good. However I would qualify that by saying anything can happen with a speccie so holders should start praying that management can pull a rabbit out of the hat with some really good news. However, in the absence of news it is my considered opinion that GCN will have a really tough time recapturing 3.6c. Note that the current breakdown is a bit of deja vu....GCN has been there done that. I take onboard erich's comment regarding the 195 ema (except I use a 200 day ema).....200 day ema is around the 3c mark which is also a 61.8% retracement so a bounce there is likely and would also give the stochastic a chance to work off its oversold condition....but IMHO unless something stella happens in the news department the best holders can hope for is a retest of 3.6c from the underside (GCN has also been there and done that as well as you can see on the chart). If markets remain weak generally and there is no news I wouldn't mind betting that gap around the 2c mark gets filled.....

Please don't shoot me, I'm just reading the chart and like I said, the right news could change everything....so good luck with it.