Gourmet Provisions Intl Corp (GMPR)

[livinginstyle]

Stocks form personalities and trading patterns. The trading patterns are usually based around certain volume patterns. Right now the chart shows a pattern that has developed since the .006 bottom. The stock likes to move up hard for a few days and then form a downward flag type pattern. Right now it is forming the same flag pattern it did after the last run to just under .06 cents. The last time it flagged like this it did so for about a month and a half. I don't think it will do so that long this time but it does need some time to do its thing. The chart is in a step up pattern. The only thing that will change this pattern is more consistent volume. That will only happen when the company gives us news that will entice people to buy. The stock is above the 50 day which is a good thing.