Golden Matrix Group Inc (GMGI)

[BRITT2575]

3 Month Chart $GMGI ********UPDATED



Excellent day for GMGI longs today as we broke the $2.80 resistance we have been battling all week. Closed up @ $2.85 (+5.56%)

More importantly let’s not forget we dropped the “D” today, and company can move forward with the rest of their plans this year.

Back to the chart, you might notice I added some extra lines in there. These are called Bollinger Bands and when these tighten up like you can see now the stock price tends to shoot up above them and move significantly up. Look at when they tightened up around the 3rd week of June... see how tight they were and what happened?

Folks on the sidelines hoping for $2.50 may just have to jump in ASAP before it’s too late and we break above $3.00

All in all it was a very smooth and progressive day today. Let’s see if we get enough buyers tomorrow to bring the price higher. Seems like the sellers are mostly dried up and don’t want to sell for this low of a price anymore and are hanging on.

MACD also is beginning to turn up and when this happens we turn fully BULLISH.

Have a good night all.

GMGI HOLD4GOLD