GregFolin

$GDET Lines Up for the Next Wave Higher

Long
OTC:GDET   GD Entertainment & Technology, Inc
GDET

Shares of GD Entertainment and Technology (OTCMKTS:GDET) continue to show a great deal of promise as the stock works higher over the past month on improving catalysts and fundamental data.

The key inflection happened last month, when the stock flashed lower and recorded an all-time oversold reading on RSI . The subsequent rebound has broken the established downtrend line, giving birth to a new bullish trend that could be ready to extend over coming days based on the action.

The company is an interesting mix of blockchain and CBD-based products. The most recent catalyst driving the action is the company’s announcement on Tuesday that its wholly-owned subsidiary, The Greenery (TheGreeneryCo.com) received what appears to be the last major shipment of product in establishing its initial product inventory before what the company notes will be “an aggressive distribution process”.

In other words, here comes a more intensely commercial stage for GDET .

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