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Sunday, November 27, 2005 7:32:28 PM
Resistance is Futile
Before Monday’s Open, a recap of technical events behind the stock may offer some perspective on the play unfolding...
Friday was an important day for GZFX. Validation of the direction the stock is taking came in on increased momentum, depth, strength, and continuing build out on investor interest during what can sometimes be a terrible day for equities, while the volume was a mere 80MM on a short trading session.
I believe GZFX, the stock, entered a new era on Friday. It is now a getting ready to range more freely.
Resistance ahead is spotty, and the convergence (at $0.035 - 0.05) between the Ascending Channel mid-line and the PPS hugging the Lower Pitchfork Tine offers us a chance to assess the stock’s strength at RRR. The closer we get to this point in time and space the more exciting this play gets. I expect the stock to fully reveal itself at this juncture, technically speaking.
I think lancebps hit it on the head earlier today when he said that GZFX could quite possibly be the entity that single-handedly redefines the penny stock market for the Fall season, bringing it back to life.
Support for the above notions is found in the following:
RSI CONFIRMED Friday that it is very happy in the Power Zone, grinding it out in the Plus70 area, driving this stock forward. This is an environment that can make or break a stock, where only the fittest survive. Look closely at what is happening to RSI on GZFX. And look also at the weekly RSI... outstanding crossover here.
UltOSc best describes an indicator’s Investor Sentiment. It never stays at 70 for long. If a stock is strong, UltOsc will move through a series of mild retracements bouncing along the underside of 70, strengthening, and pushing off again, all while respecting an ever rising trend line. This activity takes place in conjunction with an RSI+70 feature, and it is happening to GZFX as we speak.
ADI is bouncing off the ADX trend Line, now in the Plus40 Zone, the Power Trend Trampoline.
OBV Confirmed a Trend Line that is singularly aggressive, remarkable in the attack. Volume, and sister OBV, are one of the two main stories behind this play. The indicator is not shy in its message: OUTTA MY WAY!
ChiOsc is the other half of the story here, and also Confirmed a Trend Line Friday which is just beautiful to observe. Volume is in, and so is da money. And, it’s sticking.
Williams%R signalled that it is more than willing to go into battle again, and will cross up into the Power Zone early Monday morning coming, giving us a sustained run from here into uncharted territory.
The Accumulation/Distribution Line has now confirmed it's own Trend up over the last few sessions. Friday nailed it. Look at that long, bellying attitude of the trend line..... very strong, very healthy.
MACD exhorts all of this in one simple indicator. And that indicator is on a powerful upsurge that is nothing short of remarkable.
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All of the above points to the distinct possibility that new territory for GZFX is in the offing. It is becoming plausible now that the stock, once confronting the aforementioned congestion at 0.035- 0.05, will punch up sharply from there, reaffirm that breakout point briefly, and assault much higher PPS levels before the New Year, if events unfold as they are indicating they might.
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fringe
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