Green Planet Group Inc (GNPG)

[was builder]

IMO the 50DMA is a very strong floor. It is also rising. You will also see that the prices have been finding support at the 13DMA which is even better confirmation of an uptrend.
The charts are set up technically speaking (although some don't think charts play a role in a pink or otc board) I strongly recomend them.

By the way I am not a pro at this (yet). But I take classes and try to further my understanding. Going to options school soon. The minute you think you know it all is the second you loose it all.

Think of the recent price movement in the theory of a rubber band. You can only stretch it so far before it comes back. Look for the areas that (floors and ceiings) that you feel provide support for the rubber band to come back to. If they hold enter. If they dont look for the next floor.

Volume plays a huge factor in charting. High volume spikes indicate big boy buys or sells. Low volume down days are a good indiacation of consolidation.

13DMA has crossed the 50DMA (lets call that the silver cross)
The price bounced off the 13DMA today. That is great if you hold the 13 the uptrend will be even stronger. The next floor is the 50DMA (Which i believe will form the golden cross within the next 6 trading days +/-). Some use a 30DMA as a floor to average out.

Also check out the Wilder's DMI. This can be confirmation. Rising green line with a rising black line. The higher the black line the stronger the trend.

Accumulation/Distribution can also confirm. Institutional or big buyers.

The trend is our friend here.

I will try to post a annotated chart over the weekend.

OT - might look into SNWT forward split rapidly growing co. (I do own)


These are just my opinions guys. Please do your own DD.

Builder