Gouverneur Bancorpmd is down a bit on the day, funds flowing out kept the price down -2.06% since yesterday. GOVB is currently at a weak resistance line, price may carry its momentum forward and break through or potentially reverse and head down lower. Hard to say, I probably wouldn't bet the farm on
that alone... It may look tempting to short but I'm going to need to discourage it, Gouverneur Bancorpmd has
has really been moving up aggressively and may push through resistance points with no problem. I'd prefer to short sell into neutral or negative momentum, it's just safer.
If the price breaks through the resistance level it will probably move up to the $20 where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $17.7 it may head back up from there or break lower.
