REDDIT
Crazy volume on GIPR today. It’s on my watchlist in this weird market.
GIPR: Looks like they did an offering to maintain nasdaq compliance. Offering was .21/share. Closed on June 1. It’s been in a steady fall since then.
\*But today’s massive volume of 36million has me alerted. That’s 30x average volume this year.
Technical Day chart is currently at a 40RSI and the MACD is touching to cross into green territory. Day chart showing multiple doji candles, 8 and counting. I think a bullish reversal is due especially with the board now trying to build the stock as well after the offering.
I’ll keep an eye on it, it has the set up that people are looking for currently in this wierd market. Do your own research. Let me know what you think.