Technically SpeakingA few interesting technical things about GSP yesterday:
-> We saw the lowest weekly volume since 2020.
-> We broke upwards out of the 9.5-10 cent range we had been stuck in for nearly three weeks, an atypically small trading range for GSP.
-> The merciless 13 month weekly downward trendline was crossed to the upside.
None of this proves anything. Just noting something different appears to be going on with GSP lately. Given the painful 80% decline in GSP since March 2022, I would say change is good. If GSP turns the corner, I would not be surprised to see a strong snapback rally given how incredibly oversold the shares have gotten.