Geez, brutal day for Greenlite Vntrs, investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to
hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value.
The company isn't at an immediate support or resistance level that might be predictive. Greenlite Vntrs hasn't been looking too hot recently, some shareholders have been dumping shares over the last few months which has been driving prices down. In the past 3 months, the asset has lost -73.96 of it's value. So it's not looking great, I'd probably wait for a clearer support level before coming in. GRNL may hit some resistance around the 1.4605 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.
