SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Goose94 who wrote (13268)6/15/2015 8:38:59 AM
From: Goose94Read Replies (1) of 202283
 
Great Lakes Graphite (GLK-V) chart from Andrew~

GLK-V Great Lakes Graphite Inc review of 6-month daily chart:
Click on this link to view daily chart: Great Lakes Graphite Inc ~ 6-month Daily Chart

52-week high of .15 on 2nd June has been followed by formation of a bull flag on falling volume. RSI(14), Volume, MACD and ADX all peaked as the SP rapidly climbed to the high.
SP closed last week on support at .10, which is also currently the median Bollinger Band.
50-day sma is presently .08 (blue line on chart) and rising.

Longer term views of weekly and monthly charts are very interesting and show a multi-year downtrend that appears to have culminated in a long, solid base. The SP touched the upper downtrend line when it made the 52-week high. The SP has been trading sideways for a prolonged period and formed a base for a potential breakout above the downtrend line. Buy pressure has been positive and dominant this year. Support and resistance bands are deep and not single price targets. Watch for a potential upward breakout (above .15) attempt on increasing volume.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext