GZFX.OB - The holiday season is here and that means low volumes and not much price action. We will await the coming of the new year for a return back to normal trading. In the meantime, we will continue to hold GZFX.
The Stock Market Garden OTCBB Model Portfolio currently holds two positions: GZFX.OB and SMKT.OB.Analysis follows:
GZFX.OB - Technical Analysis indicates that GZFX.OB is still running close to its 50 day moving average.We are seeing a tightening of the price and volume rages.The RSI and the Fast Stochastics are both a mid level which is a neutral indication.Looks like it will take a significant news release in order for this stock to break out again.We will continue to hold this stock for the time being.
SMKT.OB - This stock has been experiencing some upward momentum as of late. Volume seems to be stable, the RSI is centered.On the negative side, the stochastic is looking quite overbought and the stock is up against its 50 day moving average.The hope here is for the some sideways action and then a break over the 50 day ma.
The SMG Staff would like to wish all our readers a happy holiday season. Our writers will be on vacation Dec 19 through Dec 27. In the mean time will leave emergency stop loss orders on our positions as follows: Sell SMKT.OB at .018 if it falls below .02. Sell GZFX.OB at .007 if it falls below .008. Remember that it’s a good practice to leave emergency stop loss orders in place when you are away. Your own risk tolerance should dictate the metrics of your particular needs.
ARSC.OB - Today we sold the remaining shares in ARSC after what looked like some unfavorable technical action in this stock. Overall the position was quite profitable with the sale of half our original position at 22 cents on November 2nd.
GZFX.OB– Technical Analysis indicates that this stock may be looking to move up again.We will be watching closely.The chart below shows that today’s price movement almost ended up with a bullish hammer formation.
SMKT.OB– As the chart below shows, this stock continues to run along its 200 day moving average.As previously stated, we will continue to hold it pending the merger with Texas Prototypes.