Global Innovative Platforms Inc (GIPL)

[reasondeep]

The cloud looks excellent there no doubt. Technically the chart is looking very primed for a run. All support levels have been thoroughly tested and the bottom most Fibonacci support level held up great, which is a necessity when we start retracing as we did the past few sessions.

Although I did not expect to dip into the 2's, I held on to my shares because price action landed perfectly on the support level and bounced off in a hurry. Am just upset I didn't have cleared funds at the time, could have averaged down quite a bit.

My average is at .051, so I'm still in the red but that's alright. Hate to admit I've been suckered into holding on to far larger losses than my risk dictates, but the technicals were too loud to ignore.

Looking to be in profit tomorrow. We tested out some Fib resistance points, and closed at one as well. Still have a bit to battle a couple Fib zones that we need to battle through, but with volume it should be easy. The other option is gapping up and over them, and if that occurs I do not want to see the gap filled.

Gap ups are no good if the gap gets fully retraced, that's basically saying the gap up was pointless. If anything, less than 50% of a gap full is preferable.

Goodluck to all, and especially to the management in getting their work done so we can see some good news in the near future.