In Retrospect: MERB, LND, GSMI

Checking on the previous week’s analysis

MERB

MERB topped out at 37 and headed to the 35 level. Expect further move downward possibly towards 33 level. Any further move beyond 32 may be an indication of further downward to sideward movement.

LND

LND broke the support and moved further below 0.7. Volume is still not that great so a lot are still holding on to their stock. Next support is 0.55, previous low or 0.62 the 65 day MA.


GSMI

GSMI made another gap down with high volume. Tried to move to higher price levels (21.75) , but was not accompanied by volume so it dropped the next day. There is still a big possibility of price moving below 20