BillyJack, following are few of the technical analysis thoughts I had provided on the GRDO board. Your expert guidance on the analysis will greatly help. I have no doubts that this will be a big winner in due course. Again all IMHO.
Feb 10, 2010:
As far as technicals go, we are churning between the 50-SMA and 200-SMA currently.
I see this as a repeat of the churn between 0.0019 and 0.0028 a while back. Remember, as I have stated in my previous posts, this loves to play in multiples of 3. So, the churn this time around, even with no solid news, is going to be in the 0.0057 - 0.0084 levels (above range multiplied by 3).
Last time from 0.0028, this blasted to the 0.0095 level (our current 50% fibonnaci level and biggest resistance). I still belive this times run will start with a blast to the 0.0095*3 = 0.0285 levels atleast (multiple of 0.0028). I see the 0.0169 high level being crushed as soon as the company releases solid numbers and / or deals.
Till then, all hang in there..All IMHO..
Nov 12, 2009:
Guys, IMHO, following is some more statistical insight, and what we find is absolutely a well-played out trend. Adding to my posts # 77351, # 79874 and # 84555.
Firstly, we have risen from 0.0019 (previous historical low from week of Aug 31, 2009) in a very short time. Note prior to the uptrend (starting Sep 2009), the most significant resistances were highs of 0.0055 & 0.0075.
Now let's focus on the uptrend since Sep 1st week:
- We moved from 0.0022 (Sep 16) to 0.0095 (Oct 2) - about 15 days
- Next, we went down to a low of 0.0055 (Oct 7), and rebounded to a high of 0.014 (Oct 16) - about 15 days cycle from high of 0.0095
- Then, we retraced to a low of 0.011 on Oct 22, and blasted to a high of 0.0169 (on Oct 23) - about 7 day cycle i.e. exactly half of previous consolidations.
- Then, came the major downward consolidation with a low of 0.0077 (Nov 5) - about 13 days.
Now to the interesting part - let's look at Fibonnaci levels created in the uptrend from 0.0022 (Sep 16) to 0.0169 (Oct 23):
- 23.6% Retracement Level = 0.0056 (previous high & low)
- 38.2% Retracement Level = 0.0076 (previous high & low)
- 50% Retracement Level = 0.0095 (previous high)
- 61.8% Retracement Level = 0.0112 (previous low)
What a well trended chart!!
Now to some predictions:
If we assume pattern is maintained, we could look at 0.0076 as the low from which this has trended. Assuming 0.014 (previous high & low) as the 23.8% trend point, we come up with following numbers:
- 23.6% Level = 0.014(previous high & low)
- 38.2% Level = 0.0167 (previous high )
- 50% Level = 0.0196 (possible shor-term high point = 7*0.0028)
- 61.8% Level = 0.0221 - 0.0224 (next break-out point)
- 100% Level = 0.0308 - 0.0312 (next high point of the continued uptrend).
Let us see how this pans out..GLTA!!!
Nov 11, 2009:
Recent historical stock trends for break-out price and highs in GRDO have based out of multiples of 0.0028.
Examples: break-out points of 0.0028 and 0.0112(both multiples of 0.0028), previous highs of 0.0055 and 0.014 (~2*0.0028 and 5*0.0028 respectively), and current high of 0.0169 (again ~6*0.0028).
It will be interesting to see if this times breakout starts at 0.014?
Oct 30, 2009:
During this period of consolidation, though to add some more statistical perspectives:
I am sure you guys would have heard about fibonnaci retracement levels of 23.6%, 38.2%, 50% and 61.8%. Note that these retarcement levels represent the % of the cumulative gain from the last trend bottom (in our case 0.0019) to the current trend top (0.0169). If we calculate these fibonnaci retracement supports, they end up being 0.0055 (previous high consolidated for sometime), 0.0076 (another previous high consolidated for sometime), 0.0095 (another previous high consolidated for sometime) and 0.0112 (level from which this blasted to 0.0169 on Oct 23).
Assuming the uptrend continues, and estimating next fibonnaci levels based on back calculation we end up with 0.0095 (previous high at the 23.6% level), 0.0141 (another high which is now a resistance at the 38.2%), 0.018 at the 50% level (which is interestingly 0.006 previous low multiplied by 3), 0.0236 at the 61.8% level. Based on all calculations, 0.0341 could be the next high corresponding to current 0.0169.
It will be interesting if this theory based on fibonnaci's pans out..GLTA..
Oct 23, 2009:
If we look at historical data last few months, this loves to trade in multiples of 3 from previous consolidation..
The range of 0.002 - 0.0028 took a while to consolidate with 0.003 and 0.0033, followed by 0.0048 (previous run high) as the major resistances. As soon as the 0.0028 was taken, it blew thru the 30s next couple of days, and blasted to 0.0048. Then once it broke thru 0.0048, it went thru a high of 0.0084 the next day (0.0084 = 0.0028*3) and finally consolidated hitting a low of 0.006 (= 0.002*3). Then, in the next cycle, it blasted to a high of 0.0095 (= ~ 0.0032*3 again around the previous major resistances of 0.003 to 0.0033). Once it consolidated and cleared this hurdle, it blasted to a high of 0.014 (which is ~0.0047 *3). Now again, if it clears this hurdle and ends up around 0.0144 in the next few trading sessions, with the right "explosive" news, if this 3 multiple trend continues, we could see a next high of either 0.0285 (0.0095*3) or 0.042(0.014*3) with immediate resistances back in the 0.018 (0.006*3), 0.0252 (0.0084*3) and 0.033 (0.011*3) ranges.
Just a statistical perspective..It will be fun when such scenarios will come out true..
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