Replies to post #50985 on Doog's Dugout

[MrBigz]

Hello everyone.

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