Jerry: I see the support level as being at 10, which was the low on May 27. So I won't start to panic until it falls through that level. However, the fact that's GMGC has fallen through its 9- and 21-day moving averages is not encouraging. Moreover, the long-term MACD (13,34,89) has fallen through its signal line. (Welcome to Tech Talk, kids -- sorry, those of you who aren't technical analysis cultists.) On balance volume is falling, too -- another negative. On the bright side, some indicators, such as StochRSI and CCI, are starting to look oversold.
"Um, Brooke, could you please dispense with the jargon and just tell us what's in the crystal ball?"
Well, it could still move back up to around 13 1/2, or if things really get gloomy, watch out for a fall to just above 8. For the time being, it might just rest around where it is.
"How many animal carcasses did that little bit of divination involve?"
Our cult uses nonsentient virtual simulations.
Brooke |
