Chart courtesy of stockcharts

GTW shares were down more 3.65% closing at 1.85$. Looking at the chart stock is tremendously oversold at this level and I expect a bounce soon, due the fact that we're under a big support exactly at 1.85$. RSI is in oversold conditions, which could pressure some buyers to close their short positions. Keep an eye on GTW for a possible bounce from here. Any immediate bounce would be almost exclusively short covering.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.