Nobo, first of all thank you for your leadership on this board. All long-timers in here are very well aware of your dedicated updates to us during the rise of GRDO as a "value-generating" organization.
Pattern-wise, technically, GRDO is rising to new levels. The weekly MA(100) level of 0.012 will soon be a support level. The pattern is similar to the rise we saw from 0.0020 to 0.0169 back in Aug 2009. The multiples of 3 trend that we had talked about then is still working.
Equivalentally, the rise last time around was from 0.0028 to 0.0037, then to 0.0048 (within couple of days). Finally, it borke the previous highs of 0.0055 & 0.0075 in one session to go to an intra-day high of 0.0095 before retracing to 0.0084 (a multiple of 0.0028). Then, 0.0060 became a major support in the coming days.
This time around, calculating using the 3 multiple "schema", this has risen from 0.0084 to 0.0109 (closely a 3-fold multiple of 0.0037). Once it breaks 0.012, next level will be 0.0144. News of R/E deal should send this to (0.0095*3) = 0.0285 at a minimum. Any retracements fibonnacilly will be eith 0.018 or 0.0252. These are conservative estimates. If the impact of the deal is far-lasting, then we could possibly reach 0.0169*3 = 0.0507 levels soon. It all will depend on the power of the deal to reach out to other customers, and build more deals.
All IMHO. GLTA..Truly exciting times.
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