Apparently, the rumor has won a lot of investors.
I have look at this stock GMCH from a technical view.
I know a lot of people say it does not apply, but here it is:
I did a one month slow stochastic on GMCH:
Slow Stochastic
The Stochastic Oscillator compares where a security's price closed relative to its price range over a given time period. As with moving averages, the sensitivity increases with shorter time spans. Two or more stochastics may be used with different time spans on a single chart to develop "cross-over" signals. This method is used to spot trend reversals with fairly good accuracy.
Many systems that are developed use the stochastics as a timing indicator for signals of market reversal. The stochastic oscillator compares where a security's price has closed relative to its price range over a specifically identified period of time. George Lane, who developed this indicator, theorized that in an upwardly trending market, prices tend to close near their high; and during a downward trending market, prices tend to close near their low. Further, as an upward trend matures, price tends to close further away from its high; and as a downward trend matures, price tends to close away from its low.
The stochastic indicator attempts to determine when prices start to cluster around their low of the day for an uptrending market, and when the tend to cluster around their high in a downtrending market. Lane's theory is these are the conditions which indicate a trend reversal is beginning to occur.
The stochastic indicator is plotted as two lines. They are the %D line and the %K line. The stochastic is plotted on a chart with values ranging from 0 to 100. Readings above 80 are strong and indicate that price is closing near its high. Readings below 20 are strong and indicate that price is closing near its low.
Ordinarily, the %K line will change direction before the %D line. However, when the %D line changes direction prior to the %K line, a slow and steady reversal is usually indicated.
When both %K and %D lines change direction, and the faster %K line subsequently changes direction to retest a crossing of the %D line, but doesn't cross it, this is a good confirmation of the stability of the prior reversal.
Many times, when the %K or %D lines begin to flatten out, this is an indication that the trend will reverse during the next trading range.
From the one month indication this stock is headed higher even with the spike up today at $.80
very, very strong trending in this penny stock.
watch it like a hawk until the news!!!!!!
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