Not looking good for GMC, page-86

Another technical that someone pointed out on twitter is the forming of a cup and handle pattern.
We have a nice curve at the bottom of the cup and have had decent volume on the rise back up. Also the higher the price consolidates above 1.65c up to 2.3c (currently around 2c) the more bullish the breakout will potentially be.

As long as the price doesn't go below 1.65c (which it rebounded at 1.7c afew days ago)
And consolidates in the range of 1.65c - 2.3c, have high volume and break over 2.3c which would signal the cup and handle pattern playing out there will potentially be a breakout to 3.4c - 3.6c.

This is of course if the pattern continues.

The next few weeks will be interesting to see if this pattern does in fact continue.