GEMZ Corporation (GMZP)

[downdraft]

Something is special about the GMZP 6 month chart if you compare it to another recent runner, TRKA. When looking at this GMZP chart, it would appear at first glance that the traders/flippers might have an advantage here with 3 red candles in a row. Even I would normally be looking for a pullback if I considered that only. But what's very different is the share accumulation, the MACD, and the Slow Stochastic indicator. There are others as well, but this is a clear start.

https://www.barchart.com/stocks/quotes/GMZP/technical-chart?plot=CANDLE&volume=total&data=DO&density=M&pricesOn=1&asPctChange=0&logscale=0&im=120&indicators=SMA(8);SMA(34);SMA(20);ACCUM;STOFA(14,3);SMACD(12,26,9);RSI(14,100);OBV;STOSL(14,3)&sym=GMZP&grid=1&height=500&studyheight=100&id=145385

Note how on the GMZP chart the MACD is still spread wide open and rising with the red and blue lines. And notice how after the big run-up, the accumulation of shares is essentially flat (that's rare in and of itself). Plus, notice how the Slow Stochastic indicator never broke down and is still running sideways.

Now compare that to a chart that has no real conviction behind it except for a trade. This stock, TRKA, just make a similar 5x run, except notice how the share accumulation dropped like a rock, the MACD crossed over and down, and the Slow Stochastic indicator led it by crossing down hard as well. This all happened within several days after the top of the run.

https://www.barchart.com/stocks/quotes/TRKA/technical-chart?plot=CANDLE&volume=total&data=DO&density=M&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA(8);SMA(34);SMA(20);ACCUM;STOFA(14,3);SMACD(12,26,9);RSI(14,100);OBV;STOSL(14,3)&sym=TRKA&grid=1&height=500&studyheight=100&id=145385

GMZP has been consolidating for 8 days, mostly on low volume, especially in the past 3 days, so it appears to be just a bunch of bid whack'in to drive it lower. When I see things like this, I just hold the line as the share accumulation shows me that during 8 days of consolidation, many experienced investors are here in the background just holding their shares.

Plus, tomorrow will be at least 5 business days from the record date from the filing for the NOBO list. When the party to be acquired can be assured that there's not some large group of shareholders that could hijack the stock, then we should be good to go, so news could quickly follow. JUST MY OPINION. I pay attention to this as I worked in a public company that experienced a hostile takeover. It was brutal. One morning, they simply walked in with their lawyers and security team, and took over! It was eye-opening to say to say the least!

So all I'm saying is I'm not spooked by the all the scare tactics that appeared today, because of what I see on the chart is quite uncommon. And my guess is they'll really try extra-hard first thing in the morning to really drive it down. Can't blame them for trying. They might drive it a little lower but it's not likely they can get many shares anyway, unless someone panics out.

Just my opinion; not investment advice; please do your own due diligence before you make any investment decisions!