GNE Has been my pet stock over 2018 sold at 3 dollars from buys end of November. One of those Wyckoff Specials
Anyways up it went sold at 3 dollars, knew the dividend will kill this stock when it goes past ex div as this one lacked liquidity can drop fast when the market depth is very thin. So in one of the books that i have read.......... if the volume is small on the dropp off on a low liquidity event don't panic.
Anyways moving along into the last 3 months of FY19, some randoms spikes in volume which is good as it may mean support is found! No follow selling action good sign...... held the 50 day MA even better sign and the 10 and 20 and 50 day MA started tightening up.
Fast forward end of May, some volume appeared i was scared it was over this stock i stalked for months decided enough was enough. But there was no follow through action. which is a good sign waited waited finally took a stab in GNE @ 2.95 again will see if it can kick along again to its highs of 3.17
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