Charts do expose P & D. ScamExposer11, I am very disappointed that you see it otherwise. For over a year now I have put a lot of man-hours researching the charts to use as a survival guide specifically for penny stocks and P&D's. All my charts are now based on volume money flow and share structure showing me that it is wiser to work with un-noticed value stocks. These charts can have useful supplimental information for trader entry and exits in just about any stock in the dollars range. On this board the traders should have extracted principals in the last 30 days at the 100%, 200% and 300% levels so all of the "free shares" are at their discretion when to dispose of. Remember GCHT is not exactly investment grade until positive earnings are realized, right now chart-wise it appears to be an over bought speculative instrument since the $1.06 levels. Apparently a lot of risk taking investors see a value in this development stage stock sans. mail drops and stock equity distributions. Lets wait, if we see a massive PR campaign everyone will know the "Pump" is on and the chart will let us know when the "Dump" starts. Wow, if this stock turns out popular as SPNG we may have a real blockbusting LOTTO ticket here that is going to turn out to be a small-time chart peddlers paradise too!
The Friday sell-off was very predictable for a seasoned trader as so:
(1) You had 3 up ticks of increasing volume Monday, Tuesday & Wednesday...Traders rule: look around, decision time with in-out volume.
(2) Thursday the selling began into the buying. CMF(60), (20) & (5) with lower bars while the PVO shows an extremely good volume to exit at.
(3) Friday so far looks like a well earned contraction was in the making with a bottom to be determined on how many of the 5% holders exit next week.
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