Let me start this comment with 'I am not a technical trader'...
However, here is my chart
This is what I see:
- Our "local" trend is downward - but not by much.
- Support line around 26 cents has been tested a lot - but that seems to be roughly where the market turns for us
- Volumes are pretty 'meh'
- There is definite resistance around 29-30 cents
What do I think it means:
- volumes are too low to support a conclusion - GNX is simply not a liquid stock
- GNX is a spec stock with a fabulous project and great prospects.
What do I intend to do:
- Acquire the dips with fresh cash - no margin anywhere near my portfolio.
