Listen guys & girls. I've been trading based on technicals for a long time now and very successful at it. It doesn't just take Team work (I'll get to that later) but it also involves reading the charts. GZFX is borderline from multiple 30-60% price increases.
The things you need to look at when buying stock is: Volume, uptrend(I never buy into a falling knife!), money flow, and Strength!
I'm sorry but I can't find a bearish sign in GZFX yet and there are other factors that keep confirming a bullish move ahead. Such as the Golden Cross (When the 50dma moves past the 200dma). That hasn't even touched yet. I also learned that if that Golden Cross is crossed almost level, the stock will be weak, but when it crosses practically vertical to one another, the stock is STRONG..that’s what GZFX is showing signs of!
Now, people will come in and out of this stock all day long but rest assure there were a lot of pissed investors when they saw this stock wasn't dropping enough below where they sold it. This is where Team work comes in. I noticed when there was no volume, the bid/ask wasn't changing. Suddenly they raised the bid/ask and orders were going through. That to me signified that sellers were dried up, nobody was selling.
When nobody sells, the Market Makers WILL raise the bid/ask. In OTC there does NOT have to be a seller for the buyer. The MMs have accumulated shares from all the sells over these months and what they're doing is distributing them now. So as they're raising the bid/ask, they are filling BUY orders.. They will continue to raise the ask to sell their own shares at a higher price. It makes sense and thats how they make money. A lot of it.
I was playing around today on paper and was saying at 1pm, I'm selling now at .0168. Volume stopped, bid stopped, price continued up... Luckily it was for play only and that confirmed I will not touch my shares yet. It is not done.
