Golden Matrix Group Inc. (GMGI)

[PokerStar]

Another solid day with 190K volume and a nice little uptick following some more serious consolidation in the $3.85-$3.95 range. New 52 week high of $4.19 where we should have closed had there not been some light volume manipulation that dropped the price from $4.10 down to $3.85 in a matter of minutes around 3:20. We recovered from there pretty quickly with good support at and above $4.00. With tomorrow being Friday, I have no idea how the trading day will play out. I've seen a lot of the flippers take their 20 cent gains and run, and I've seen solid green Fridays as well, but much fewer than the weekend dump and run beer money selloff. Still feel more optimistic about us getting greener tomorrow and I'm going out on a limb right now...I'm predicting solid green and would not be one bit surprised to see us reach $4.60-$5.00 tomorrow with some more serious buying. We've had 2 big volume green Tuesdays in a row now and I'm betting we see a lot of folks jumping on board or buying more before next Tuesday rolls around. All in my opinion, but feeling positive!


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