Golden Matrix Group Inc (GMGI)

[BRITT2575]

3 Month Chart ****UPDATED

More consolidation today as we churned in the $2.67-$2.77 range mainly. We have a very large base formed as we wait for the sellers to sell out and shares to be taken by the Longs and new investors.

I know many got to add shares here today at a great price and continue to accumulate to their long positions. Now it’s pretty much a waiting game for news and or update from the company. I think we should see news shortly which will help get the GMGID “BUZZ” out. I think there are many on the sidelines that are hoping for a good entry point with GMGID , I think this is very close to bottom before we make our next stride up hill. Technicals look good RSI super healthy and MACD is leveling off which shows we should turn bullish shortly. In my opinion if you are debating whether or not buying now or trying to wait longer I wouldn’t hesitate buying pronto here because with the low float (10.5M shares) this can move north VERY QUICKLY. I don’t see anyone selling this low now for small profit to losses.

Anyways not a bad day closing almost even $2.68 two cents down -.74%

Let’s not forget this moved from $1.60 to $4.00 in just 7 days(150% increase) that was good but very fast which means lots of consolidation. But if your long like me there shouldn’t be any worries or annoyance of consolidation, this just adds a great time to purchase shares for newbies and Longs to add shares like many of you are doing.

Also never forget just because the share price has stalled temporarily doesn’t mean Golden Matrix isn’t working hard and breaking new personal finance records.