u right radgegadge - a mid market update is required.
gda as expected, crashed through the 2c barrier, and was actively sold down to 1.8c. this seemed to trigger a short covering rally, which drove the price back to 2c. shorts were locking in profits. the shorts, have made a motza on this stock, ever since watso started to call this as a sell.
chartwise, though, it is not looking good. looking at the charts, watso notices a "double cheek bottom" - which is more commonly known as the "oblivion death roll"
.
a consolidation prior to the next capital raising, will not happen.
perhaps gda could think about some corporate action - eg maybe make a take over bid for axm, or cto, or mxr
GDA Price at posting:
1.9¢ Sentiment: Sell Disclosure: Not Held
