Green Globe International Inc (GGII)

[dizdoti]

GGII Chart + info
I wanted to show those that may not already know how important this chart is at this place and time. First we want to look at the chart and take note of the Accum/Dist line at the bottom. Notice how strong it is moving up. Read below the chart for an explanation as to what this means and how it will effect the price of GGII. The second biggest technical we have is what you call the Golden cross. This is where the 50MA crosses above the 200MA and signals as a major bullish breakout. Here is a link to further explain this >> http://www.investopedia.com/terms/g/goldencross.asp

Anyone telling you that technical's don't play a huge part in the way a security trades is flat out lying to you. Anyone who has some trading exp under their belt knows penny stocks react just as well if not better sometimes to chart play than their big brother blue chips. This stock is being watched by many and when the chart is set up just right and the news we are all waiting for hits the marketwire we will see the volume which will then start the beginning of the golden cross and GGII will test new waters imo.


Uses of the accumulation/distribution line
The A/D line measures the trend in the amount of buying or selling pressure in a security. When the line is trending up is a signal of increasing buying pressure as the stock is closing above the halfway point of the range. If the line is trending downward it is a signal of increasing selling pressure in the security.

This line can be used to determine the strength of a trend along with identifying divergence to signal a trend change. The strength of a price trend can be identified by looking at the direction of the trend in the A/D line. It is important that the price trend and the A/D line be trending in the same direction for the price trend to be considered strong.

The A/D line can also be used to identify situations of divergence, which can signal a shift in the price trend. This occurs when the price trend and the A/D line are moving in opposite directions.A bullish signal is formed when there is positive divergence, which means that the A/D line is trending upward while the price is trending downward. A rising A/D line signals that buying pressure is increasing, which should eventually lead to price increases. It is difficult to imagine that a price can continue to fall while buying pressure is clearly increasing.

A bearish signal is formed when there is negative divergence, which occurs when the A/D line is trending downward while the price is trending upward. A falling A/D line is a sign of selling pressure, which as it increases makes it difficult for the upward price trend to continue.

The A/D line expands on the on-balance volume measure to help technical trader's measure price and volume together and compare it against the pricing trend in the market.


Read more: http://www.investopedia.com/university/indicator_oscillator/ind_osc3.asp#ixzz1Rq3AJZWA