Jan 12
27

Grandich Client Geologix Explorations

While I don’t think technical analysis is critical in penny stocks, the trading action in GIX of late is very constructive. After a run-up on tremendous volume in 2011 (Point A), followed by cratering back like so many other juniors did in 2011, a marked increase in volume with big blocks crossing is setting us up for a break above a major downtrend line (Point B). If and when this occurs, we can see a quick run to the 200-Day M.A. presently around $.50.

I’ve doubled my position as of this morning in GIX.

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Posted in A Grandich Company All Posts Base Metals Canadian Stocks Copper Exploration Shares Geologix Explorations Gold Mining Shares Precious Metals Silver Zinc by Peter Grandich

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