Almost all pinks trade based off the technicals from a chart. This is based on past data and the current storyline. Resistance and support levels indicate buy points and sell points or entry/exit/add/accumulate signals.
In the situation with GDSI, the story is a little bit different than with the regular pink. In this case one needs to read all the past filings and get acquainted with what the company objectives and strategy is. Based on that information one can arrive at a few variations and conclusions on the final outcome. Each of us have our own perceptions on how this company will evolve over time.
Most have a belief that the GDSI will evolve into a larger company with a substantially higher valuation. Based of this, most are waiting on news of confirmation that the current deal is a go. If it is a go, then in the long term, most if not, all resistances in the charts will become supports. When to sell? We do not know. We are waiting on the news to gather more information. The filing will give the details and the expectations.
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