thats alot of waffle there, just keep it simple and get to the point
fact is you are free to say what you like thats your opinion and had you postulated an opinion on why you believed the stock was overvalued on a fundamental basis or overbought on a technical basis then cool thats an opinion and should be respected
The fact is you did neither of these because imo you couldn't as that statement doesnt make sense on a fundamental or technical basis. So instead you simply said overbought and your reasoning was along the lines of implying the stock had been artificially pumped by redhearts (this will probably get some Shakespearean response from you denying any such implication but its there for all to see) so do as you wish sell, hope it comes down, call it overbought.
The fact is fundamentally the stock is very cheap compared to SO4 and in my experience when 2 stocks fundamentals are comparable then at some point their market caps and valuations also converge. GPH is on the path to making its fundamentals converge with SO4
Technically another respected chartist had this to say
where hes written HnS he meant to say CnH as in cup and handle
So basically from a technical perspective on both the Long Term Monthly and the Short Term Daily GPH is setting itself up for a major move higher
This TA ties in well with the FA and while their are no guarantees on this playing out when TA and FA converge to give a potential outcome it greatly greatly increases the probability of that outcome playing out.
Will I be surprised if it pulls back and churns more volume? No
Equally will I be surprised if it marches higher and breaks out? No as thats what Im expecting
The wild card here that many including Mr Market himself has forgotten about is the Gold Grounds adjacent to and along strike from GOR
GOR has outlined a monster greensfeild gold deposit and has seen its Market Cap soar to $350m+
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