Monday, December 02, 2013 9:46:33 PM
GBGM is a stock I have been alerting for almost a month now, and it has done nothing but trend upward for about 3 weeks, and then trade sideways for the past week, cooling off the chart indicators for the next leg up.
I think its ready to make a new uptrend, or as Jean-Claude Van Damme said recently "It's Go Time!".
GBGM has shown that when volume and buying pressure is present, the stock reacts in a positive upward manner, which is exactly the type of stocks we look for.
We now have to go back to the summer of 2012 to see where our nextresistance points will be, so I created an annotated static chart from that time:
http://stockcharts.com/h-sc/ui?s=GBGM&p=D&st=2012-4-22&en=2012-08-02&id=p96085522953&a=322282218
It has a very small amount of tradeable shares of just 139 million:
Share Structure:
Shares Outstanding 647,636,012 a/o Sep 30, 2013
Float 139,160,334 a/o Sep 30, 2013
Authorized Shares 998,800,000 a/o Sep 30, 2013
Daily Chart:
http:// http://stockcharts.com/h-sc/ui?s=GBGM&p=D&yr=0&mn=3&dy=0&id=p62626847397&a=323182211
Weekly Chart:
http://stockcharts.com/h-sc/ui?s=GBGM&p=W&yr=1&mn=7&dy=0&id=p12218270829&a=322282218
Good luck and trade smart,
MrBigz
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM