GXL – Greencross Limited

Stock : GXL – Greencross Limited

Current Price : 6.66

Status : On watch for sell setup

GXL has been on the radar for a while but is failing to show favorable price action for a buy. We see the major selloff from 10.75 to below 5.00 and then price bounce to the 7.80 zone. From there we see lower highs and current price action as weak. If price pushes below 6.40 then we expect to see a major lower high confirmed and sharp move lower. For a buy price has to push up through 7.25 and hold higher lows so we will watch to see who wins…bulls or bears.