Since my write-up on GSS Energy (“GSS”) dated 28 Nov 2016 (see HERE), GSS’ share price has surged 154% from $0.078 on 28 Nov 2016 to an intraday high of $0.198 on 29 Mar 2017. It has subsequently dived 31% to close $0.137 on 18 Aug 2017. For chartists who monitor GSS, they would have noted that GSS has broken its 4-month trading range of (approximate) $0.152 – 0.181 which is a bearish development.
In this write-up, I will structure it differently. To attempt to explain the price fall, I will discuss what has changed and what has not changed for GSS. However, I hasten to add that this is entirely based on my personal opinion / view. Some things highlighted below may have possibly changed without my knowledge.
What has changed?
Based on my personal observation, three things have changed which may ......