As one of the hottest OTC stocks, Good Vibrations Shoes Inc. (OTC: GVSI) is one to watch this week after the George Sharp custodian play became Pink Limited after several months in the Expert Market. Now that the stock is available to many US investors to purchase, investors are confident GVSI could continue running to new 52-week highs thanks to the potential...
explanation is charted
over all we hit some hard resistance, will need buying pressure to increase to continue uptrend. on the one week 15min chart we are making an ascending triangle not shown here.
could be a good day Monday, lets see what George sharp has in store for us.
Upon review bullish divergence can be see when combining RSI with price action.
12 sma has cime over 26 sma, the 26sma is coming over to cross over 50 sma which may signal uptrend
buying pressure is slightly increasing.
The Barchart Technical Opinion rating is a 80% Buy with a Average short term outlook on maintaining the current direction.
Long term indicators...
more down side seems to be approaching
explanation is charted.
thank you.
The Barchart Technical Opinion rating is a 100% Buy with a Strengthening short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
while looking over the chart their is some bearish divergence seen when combining rsi with price action.
the 20sma is coming to retest the50sma .
price action is above the vwap, a good sign.
obv is staying constant, little growth in my opinion.
The Barchart Technical Opinion rating is a 100% Buy with a Strongest short term outlook on maintaining the current...
