Technical Summary: The stock of GXH was on a long term up trend until the end of last year where the stock formed a high base and broke to the downside. For 2017 the trend of the stock has been locked down. There is no reason to buy here unless you felt you were fundamentally picking a bottom. The chart displays a lot of red as the stock has been hit by heavy selling that at this stage shows no sign of slowing. There is not too much to say at this stage on the stock. Because it is listed on the NZX it cannot be shorted and there is no technical reason to buy the stock at the moment.
