Draw an uptrend line from the lows in early 12/03 through the lows in 11/04.
Barring some good news I wouldn't be surprised at all to see GTE bang down to this trendline again before any big moves up.
That line currently sits ~ $1.50.
As always, news will trump TA (especially my simple TA here lol)
Disclaimer: I got back in GTE for a few shares on 6/30/05 or so when GTE came back down to a shorter-term uptrend line and was right up against its downtrend line. Looked a little like money flow was coming in to the stock then as well. Oh well, busted below that ST uptrend line and banged down off the downtrend line too.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.