Thursday, September 15, 2005 12:43:30 AM
I am changing price target on GMCI
My new price target is .004
the reasoning is that that level (point b) is close to a retest of the previous swing high at .005 AND would also complete the head portion of a huge reverse head and shoulders pattern.
The .004 level could be reached in short order based on the setup and what has been happening recently.
I would not be surprised to see .004 reached in just one day.
Note that on the chart (point a) the .005 level was reached in just one week from .0004 levels... so it is possible here..
will WATCH GMCI very closely thursday morning...
My new price target is .004
the reasoning is that that level (point b) is close to a retest of the previous swing high at .005 AND would also complete the head portion of a huge reverse head and shoulders pattern.
The .004 level could be reached in short order based on the setup and what has been happening recently.
I would not be surprised to see .004 reached in just one day.
Note that on the chart (point a) the .005 level was reached in just one week from .0004 levels... so it is possible here..
will WATCH GMCI very closely thursday morning...
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