I would challenge that the stock has already had i
Post# of 3935
(Total Views: 397)
Posted On: 03/22/2017 8:31:07 PM
I would challenge that the stock has already had it's pullback. We first set the new 52 week high @ .181 back at the end of Feb during the last run.
Since then we have traded in the .10 - .15 range (give or take). We even had a quick touch of .068 when someone tried to dump and we instantly jumped back over .10 within a half hour.
The chart is telling a story.. The BB's are pinching and the moving averages are rising. The stock has found major support at the moving averages, and has bounced off the 10 Day moving average and middle BB several times since that 52 week high as it has pulled back.
The 10 Day Moving average sits at .139. The 20 Day Moving average sits at .1314. The Middle BB sits at .131. The Parabolic SAR is currently providing support. We've seen attempts the last two days at bringing the price down and we made a new closing high today.
My 2 cents on the chart and fundamentals is.. buy 75% of your position now, and put in a bid for the other 25% just above the moving averages. If the trade breaks below the moving averages, you can get out and take a maybe .02 - .03 cent per share loss. On the flip side... If we get the franchising news which is expected. Or any of the news which is expected for that matter.. You're going to have to buy on the way up. It is extremely difficult to buy any number of shares without pushing the PPS up quickly. Trying to buy the morning news hits it going to cost you far more than the potential downside.
Just my take on the situation. Check out the charts and do the homework on everything. Watch the video where the CEO talks about plans for this year. Even E-Mail the CEO - He has been fantastic every time I've spoken to him.
Here is the chart I've been using:
http://stockcharts.com/h-sc/ui?s=GIGL&p=D...7610167407
Since then we have traded in the .10 - .15 range (give or take). We even had a quick touch of .068 when someone tried to dump and we instantly jumped back over .10 within a half hour.
The chart is telling a story.. The BB's are pinching and the moving averages are rising. The stock has found major support at the moving averages, and has bounced off the 10 Day moving average and middle BB several times since that 52 week high as it has pulled back.
The 10 Day Moving average sits at .139. The 20 Day Moving average sits at .1314. The Middle BB sits at .131. The Parabolic SAR is currently providing support. We've seen attempts the last two days at bringing the price down and we made a new closing high today.
My 2 cents on the chart and fundamentals is.. buy 75% of your position now, and put in a bid for the other 25% just above the moving averages. If the trade breaks below the moving averages, you can get out and take a maybe .02 - .03 cent per share loss. On the flip side... If we get the franchising news which is expected. Or any of the news which is expected for that matter.. You're going to have to buy on the way up. It is extremely difficult to buy any number of shares without pushing the PPS up quickly. Trying to buy the morning news hits it going to cost you far more than the potential downside.
Just my take on the situation. Check out the charts and do the homework on everything. Watch the video where the CEO talks about plans for this year. Even E-Mail the CEO - He has been fantastic every time I've spoken to him.
Here is the chart I've been using:
http://stockcharts.com/h-sc/ui?s=GIGL&p=D...7610167407
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