Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Micro Penny Stocks, Penny Stocks $0.10 & Under
»
*** GZFX: GameZnFlix, Inc. ***
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by cabbage22: [QB] [b]TECHNICAL ANALYSIS of GZFX[/b] We are still following the ascending triangle, cup & handle formation. Our last breakout was past the resistence of .06, which carried us to new highs along with very exciting news. [b]The previous breakout point becomes the strongest support level in this pattern.[/b] [IMG]http://web.bentley.edu/students/n/neault_jaso/tech/gzfx2.bmp[/IMG] We formed a triple top, instead of the usual M-type top, which shows the buying pressure on the up swings is getting more aggressive. Consolidation was needed at these levels as we strayed from the 20 EMA for almost a full month. With such a bullish run, the correction needed to be equally strong. The .06 base is very strong, and is shown by the 50, but more precise 60 EMA. [b]Stochastics are showing very very oversold at these levels.[/b] We may be in this range for a few more days, but not for very long. Buying pressure is very strong, and anyone watching L2 can see the wide range of Market Makers coming into play. RSI is starting to turn up, a good indication of mid to long term momentum change. MACD, though not shown on the chart has appeared to complete its divergence, and will turn and start to converge in the coming days, signaling a reversal. [IMG]http://web.bentley.edu/students/n/neault_jaso/tech/gzfx.bmp[/IMG] The amount of volume in the past two days was all on positive spikes or flat price movement. This is an accumulation pattern. The key resistence point is .10, assuming the pattern continues we should have a gradual climb to this level, and bounce down possibly to .08 Any significant news releases during this time will speed up the process, and increase the volume resulting in more volitile price swings. >>>> Since I'm a technical analyst at heart, I am waiting for stokes to cross above 20. I likely will not get the best price, but by waiting I am increasing the likelihood of "geezee" (my nickname for the stock)moving. For those who don't yet realize this- Monday is the first day of MARCH GLTA [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2