Symmetrical Triangle, Breakout. A good looking bullish chart.
Volume and Price action.
Second Quarter Revenue exceeds $15 million.News out Today.
Volume: 6,392,403
Avg Vol (3m): 1,605,300
Market Cap: 17.25M
News Link:
http://finance.yahoo.com/q/h?s=GCCP.OB
BUSINESS SUMMARY
Global Concepts, Ltd. engages in the manufacture and distribution of advanced medical diagnostics HIV (1 & 2) rapid test. It also offers warehousing automobiles for Peugeot and Citroen, then completing the final dealer preparation work before the automobiles are delivered. In addition, Global Concepts produces and distributes nonmedicated pharmaceutical personal care products. The company was formerly known as Transportation Logistics Int'l, Inc. and changed its name to Global Concepts, Ltd. in November 2004. Global Concepts is based in Garrison, New York.
I was going to post a more complete TA on this penny, but my Metastock database has some kind of bug on the GCCP data, so I'll have to use the Stockcharts.com charts.
GCCP.OB is an up trending stock, bullish patterns for the mid and long term...
On the short term, GCCP has break a symmetrical triangle with strong volume, by itself it was a great buying signal... but now we have more:
Today, and over increasing volume, GCCP is breaking the g-spot ;)
Despite from what could be GCCP behaviour on the short run, it looks like a great position trade for mid-term purposes.
Best regards !
Quote from: Ramsburg on July 26, 2005, 11:58:39 AM
GCCP.OB is an up trending stock, bullish patterns for the mid and long term...
On the short term, GCCP has break a symmetrical triangle with strong volume, by itself it
was a great buying signal... but now we have more:
Today, and over increasing volume, GCCP is breaking the g-spot ;)
Come back and post your complete TA Rams.
Interested in all that you have to say.
The breaking the g-spot sounds great!
This little pup has a great chart!!!!!!!
I think this one is getting ready to talk to us.
Tomorrow could prove to be an interesting day. IMHO
This one my have hit bottom.
Watch it tomorrow..........I wii not be here.
Seeing some signs of life again....
+ 16.28%.......Volume @.........394,000
I wasn't in my office to see this thing hit a HOD 0.109...nice.
To bad it could not hold that gain....closed @ 0.013, but still up nice!