GDC - Bull Flag Consolidation to WatchGDC has ran up over 400% after coming out of nowhere to ascend parabolically over
the past several trading days. Relative volume is about 5-10X the normal average volume
in the past months. Price action consolidated as the early buyers took their profits.
Consolidation is shown on the chart as a regression channel bounding the fade.
This pattern is suggestive of a high and tight flag pattern on an narrow time span.
I see this as worth watching especially if price can breakout of the channel especially
if with an engulfing green bar ( big ass candle/ e line strike) confirmed with a volume
spike over the running average. If so buckle up and be careful in riding the
volatility.
Be mindful, this could be a pump and dump. It is up 10X= 1000% I cannot find any
news or catalyst. It may be in the mining and land development realm. This
would be in the Calgary Canada area possibly building out whole new communities
near mining or oil drilling operations. This could be manipulation.
by insiders. No matter traders may pile into this. So far as I can tell it is
difficult to short and no options. This is speculation. Probably only for
the nimble to get in watch for a quick 100-200% return and get out to sell to
the next wave of buyers stepping in.
