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When the 15min MACD line crosses above signal, we will see a major move toward .03. And if the line crosses above 0, we will see a double push toward HOY.
I added more to my position - GLTA
The rest are just days - at the end, the timeline stretches to 365 days and 425 days. 365 business days would be silly and a waste of time trying to figure out.
GDSM is not giving away shares, period. They are allowing the investors that have initially put up cash for payments into the JV to buy more shares as the PPS rises to .10 and .15. That will allow capital to be raised for a potential buyout of the mine in totality, etc. Regardless, HUGE buying opportunity tomorrow. This will have a sick rebound in the morning.
lol sick closing. There's gonna be a huge bounce in the morning back up to .03. Could see a 150% day once the news is analyzed by the majority of OTC traders
The MMs are shaking the final hands before the push tomorrow. If you have access to a 60min chart, you will see that we are bouncing off the SMA 20 very nicely right now. I predicted this .025-.026 consolidation right before the bell. I also think people will buy this stock into the close and we will break .04 (test .05) tomorrow.
the stock will rise quickly tomorrow - not many will have the chance to read and analyze this information before the bell today. Let the buzz overnight carry this stock to a new height. I still think we finish .031 today.
And what's even better, the company is sticking to their word - no dilution and no toxic financing. These warrants are only allowed to be purchased if the PPS hits a certain level - what I think this means is that they are giving the investors a chance to fund the later payments as the PPS rises, without giving up too many shares in the process. If they financed all that cash now and just gave them $1,000,000 and $1,500,000 (the equivalents of the warrants), they would be giving those investors 30M and 45M shares respectively. That's a huge share chunk to dilute into the market, so they want the PPS to rise on its own and then for these investors to buy what they want (and raise the capital for this joint venture).
Of course, not buying the mine outright slices their valuation in half (actually, they only currently own 45% if I read the supplement correctly). Still, I think GDSM wants the PPS to rise significantly and QUICK so that these investors can buy these shares, which the company will then use to buy out their JV partner (or assume a better % of the mine!)
I'm REALLY EXCITED
Who cares? It's additional information and it looks like they will be putting out multiple filings. I expect more filings in the very near future.
It looks like the company has already paid the $25,000 (payment 1/6). It looks like the company fully expects the PPS to continue rising well past .1 and .15. I'm very excited atm!
consolidation. .026 is the bottom here - the next leg is going to begin shortly.
Mark this post - if the pattern mirrors the first pattern created into the 2/23 close, we will see an .031 close here. Anything above .03 is extremely bullish. I think we will see a 22% increase from SMA 20 (as of this hour, .0258) to the close. Then we will begin a run tomorrow morning.
JMO
Load up now because tomorrow we begin a 2 day, 125% overall gain to .058. I'm calculating this off the exact pattern that is being created off the 60min chart. We should bounce off the SMA20 (.026) and then finish the day on heavy buying around .03. We should then have a combined 100% gain over the next 2 days, culminating around a high of .06. Check the 60min chart from the green candle on 2/22 (.015) to the high we experienced yesterday and today (~.034). We're now consolidating back to SMA 20 in a perfect pattern. This chart is absolutely beautiful.
The valuation may come in the 8-k but initial "valuations" put a market value on this stock around 300M-1B. There is no NI 43-101 type report confirming this, but the company has said that they feel there's a lot of gold at this site and if the project is properly financed, the mine could begin producing somewhat quickly.
Every hour, this stock trend grows stronger. The SMA20 on the 60min chart is rising steadily and every time we test it, it holds very well. .0244 is the current level and I suspect we will continue consolidating until power hour (SMA will be at .026 around power hour). If we retest, buy all you can as close to that line as possible. We will definitely blast off tomorrow/Thursday.
considering the fact that this stock has not created a candlestick below the SMA20 on the 60min chart since this run began, I would venture to say that we're not going to see .02 again. We might see .023 or .025, but not .02.
Now run along with your bff Pipboy and cry a river about missing this run. Or collect a nice 50-100% gain when we take out .04 soon :)
Bounce off of the SMA 20 on the 60 min chart - retail capitulation will not break this support. We head north from .022
We're expecting imminent news that provides financing/production details for this project. This is building on the previous PR (and a solid technical breakout) that stated a 7-10 day wait for finalized information. Once we have this information, we can assess a new PPS valuation. Until then, the chart is playing perfectly.
It has gapped north the majority of the time and based on our recovery into brief consolidation at EOD, I expect a gap north in the morning and a retest of .035.
that's funny, I see the retail capitulation is over and we're moving back up. It seems your .01 prediction will not be coming true unless the company releases information overnight that it's going out of business LOL.
If you believe that RSI is the be-all, end-all of a stock, YOU have much to learn. I've been watching RSI in direct correlation to the 1min and 5min MACD and Full STO - all indicated a pullback but not to the extreme that you suggest. Furthermore, the 15min reveals that we are still in an overall uptrend and the 60min chart reveals that the SMA 20 support has not been touched. Finally, you'll notice that we've been trading in the powerzone for the past 19 days and we have consolidated nicely in the overall uptrend so as not to overextend the chart too much.
Your nonsense will not be tolerated here - there are many smart traders who understand the inner workings of the chart. That's why I've made 500% on this play so far. With the impending PR/8-k combo filing, we will blast off from these current levels. And even if we do not, the uptrend will continue through the end of the week. I hope you grabbed shares on the dip because we will be testing .04 tomorrow. And if the news ever comes out, all bets are off.
It's obvious that those mindless sheep that play the newsletter picks are the ones who exited for 50% profit at .033 and below. .028 looks to be a bottom and even if it isn't, news is coming soon to really propel this. By the end of power hour, we should be at least consolidating once again and maybe on an uptrend (.03 close?)
MMs just took out stop losses to gobble up shares for the next leg. Retail capitulation - I love it!
What indicator is telling you that it's overbought? I'm looking at MACD and Full STO and they tell the story. Full STO sits right at 20 atm - a sign that it's "oversold" and MACD is trending downward to 0 (or below). This is on the 1 minute. This means, to me, that we're currently consolidating for the next leg. I don't think the next leg will hit until 3:30 EST or so, but it's coming.
Now I can understand if you think we're overbought from the daily perspective, but you need to dig deeper and view the intraday charts. We're trading inside the bollinger bands very nicely with little retail capitulation. Everyone is holding for the news atm.
Yes but you can make an educated guess based on the technicals of the chart. I've been watching the 1min and 5min charts for a week now and I have been able to spot buying/selling opportunities as will. When MACD and Full STO move together in an uptrend, the stock spikes. When MACD and Full STO downtrend together, we consolidate. We're building fabulously on the rumor - now the company must deliver on its news and we will really take off.
I'm also happy to be wrong, although the PPS increase is currently on low volume so I don't know that we're going to be creating a new base up by .035 just yet.
Maybe the last 30 minutes, but this will churn for a while. I would place bids at .03 to .0315 if people want to get filled. Or just slap the ask :)
That was probably our last spurt for the day. I would love an .032 finish here - I think we will continue to see strong gains this week with consolidation in between. MACD line has retraced below signal once again and looks to be downtrending together. I expect this will continue until tomorrow morning's burst toward .04. We're trending very nicely atm and we could see .05 by Wednesday.
The 5 min chart shows the exact same pattern from yesterday. MACD line crossed over signal yesterday at 11:00 and the consolidation "period" lasted until 14:30 EST. Today's cross-over was at 11:00 as well. We could see consolidation continue until roughly the same time, or we could see a mini-breakout quickly if MACD line stays above 0.
MACD below the 0 line on the 1 minute chart. Probably need a re-break of 3 to hit the next leg. Otherwise, we will consolidate in this range for the rest of the day.
ah, good point. I'll be pleased if the 8-k comes out this week - I'm in no rush and I want to savor these strong gains we're all about to make!
Very true - I was begin conservative in my estimate but they could also put out the PR/filing tomorrow morning as well. I would say that if it's not out by noon EST tomorrow, it won't be coming out until Tuesday (MAYBE Wednesday).
The PR was on 2/14 so 10 business days means that the 28th is the tenth day. So IMO, we will see a PR/8-k combo filing on Tuesday. This company has been quite prompt with their filings so I expect that they will stick to their timeframe.
we're at .021 right now and our high is .0227. I think .03 is far-fetched today. I do think we have a chance to hit it Monday. I expect news Tuesday before the bell.
And to those who want to watch the technicals with me, I am using Etrade Daytrading platform. I'm watching this stock on the 5 minute chart, reviewing MACD and Full STO. I also have bollinger bands and an SMA 20 included (more for the 60min and daily charts) This is for intraday movements - check the 60min and daily charts for the overall "trend" of the chart (high vol, low vol, consolidation, etc.
It's just technical analysis. It's positive for technical traders, but I am assuming you are trading the rumor that we're going to get great. So if the consolidation remains today, "short" term traders will see a slight, unrealized loss. When the next run starts, we all add profits.
I think we will consolidate to a .018 close but we will have another run Monday (.025 or .03). If news hits, .05+ on solid progress/financials.
MACD line has crossed over signal. Awaiting cross above 0 and Full STO k% to cross d% (with cross above 50) for the next breakout.
It's quite obvious that MMs are holding this down while accumulation occurs. I stand by my prediction of an .018 close today. News Monday or Tuesday before the bell will spike this past .05. GLTA
Clay, you're missing the fun over here at GDSM :)
That AWS* play is a waste of time imo - huge buys this morning!
911 trades don't mean anything to me - they just feel like MMs are rounding off shares from previous fills in a way that intrigues the retail investor. I read into the technicals and the fundamentals of a stock - this consolidation day was obvious as soon as the opening bell hit. The close was also orchestrated to set the chart up well as we prepare for 8-k news. A harami at tomorrow's close would spark interest in candlestick traders for Monday's open. It also confirms pattern reversal - a new uptrend. After that, we will see a 2-3 day runner with strong days on days 2 and 3. We could also see the huge run Monday morning if news were put out on the wire.
This is my last post for the day - GLTA and cya tomorrow!
.015 finish? Would set up a nice .018 close for tomorrow! :)