GDC - Bull Flag Consolidation to Watch
Updated
GDC has ran up over 400% after coming out of nowhere to ascend parabolically over
the past several trading days. Relative volume is about 5-10X the normal average volume
in the past months. Price action consolidated as the early buyers took their profits.
Consolidation is shown on the chart as a regression channel bounding the fade.
This pattern is suggestive of a high and tight flag pattern on an narrow time span.
I see this as worth watching especially if price can breakout of the channel especially
if with an engulfing green bar ( big ass candle/ e line strike) confirmed with a volume
spike over the running average. If so buckle up and be careful in riding the
volatility.
Be mindful, this could be a pump and dump. It is up 10X= 1000% I cannot find any
news or catalyst. It may be in the mining and land development realm. This
would be in the Calgary Canada area possibly building out whole new communities
near mining or oil drilling operations. This could be manipulation.
by insiders. No matter traders may pile into this. So far as I can tell it is
difficult to short and no options. This is speculation. Probably only for
the nimble to get in watch for a quick 100-200% return and get out to sell to
the next wave of buyers stepping in.
the past several trading days. Relative volume is about 5-10X the normal average volume
in the past months. Price action consolidated as the early buyers took their profits.
Consolidation is shown on the chart as a regression channel bounding the fade.
This pattern is suggestive of a high and tight flag pattern on an narrow time span.
I see this as worth watching especially if price can breakout of the channel especially
if with an engulfing green bar ( big ass candle/ e line strike) confirmed with a volume
spike over the running average. If so buckle up and be careful in riding the
volatility.
Be mindful, this could be a pump and dump. It is up 10X= 1000% I cannot find any
news or catalyst. It may be in the mining and land development realm. This
would be in the Calgary Canada area possibly building out whole new communities
near mining or oil drilling operations. This could be manipulation.
by insiders. No matter traders may pile into this. So far as I can tell it is
difficult to short and no options. This is speculation. Probably only for
the nimble to get in watch for a quick 100-200% return and get out to sell to
the next wave of buyers stepping in.
Order cancelled
Trade not taken. On watch, a parabolic drop occurred. This is a pump and dump until proven otherwise. No known catalyst. High insider shares. Will watch afterhoursfor signs of another run up. If so, it and out a small position at 100% return on risk.
Probably after hours no stop loss can be set must watch the screen continuously.
Trade active
GDC running after hours as suspected that it would. Time to jump on the train but jump off fast as soon as it slows down.Note
Nice after-hours runner 10% in 25 minutes. Watching close for the momentum to hit a wall.Note
Exited on downturn and re-entered on pivot up. 20% return in three hours of after-hours action. Using Tradingview alerts to tell when to come back to the screen for trade management.
Trade active
After watching the action yesterday after hours I held a four-figure position overnight for a return of 70%. Somehow this thing has legs to run. No known catalyst or news. Insiders may be the pump; if so they are working their "magic" I will liquidate in partials but reload if another move shows momentum.
Note
GDC finished out another pump and is now resting in a bullflag consolidation- On a watch for bullish continuation aftere traders accumulate a bit.
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