Glucose Health Inc. (GLUC)

[Altitrade Partners]

It's hard to say. There is not a lot of volume, due to a very small public float, and long-term investors who continue to hold on to their shares.

The stock has been drifting lower for quite awhile (4 months) and has already taken out a few support levels, along the way.

We think that the support level between $1.55 and $1.87 is critical, and will hold, but we also see the possibility of a capitulation sell-off at some point, which could penetrate the lower level of that range.

In order to get that kind of a sell-off, it would have to occur with very heavy volume, and where people, basically, throw the towel in and just want to get out at any price.

If the broad market cracks, and margin calls create forced selling, in other securities, it could happen. GLUC shares currently must be fully-paid, meaning that they are not marginable, and would serve as a ready source of funds for those who have over-leveraged themselves, and must meet margin calls.

We can, and have, made a case for that happening:

https://altitradepartners.blogspot.com/2021/04/has-euphoria-finally-reached_18.html

We would be buyers near the $1.75 to $2.00 level if we get there. At a price near $1.00 to $1.25 we would be loading the boat.

The fundamentals continue to remain strong, despite the technical weakness.