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Hello fellow investors / traders,
I gave you a heads up last Friday as to a play I was watching, and yesterday it finally gave me the confirmed bullish signal I was hoping for.
Graystone Company, Inc (GYST) is right at the start of a full blown breakout off a very strong oversold consolidated base.
Here are five reasons I am so bullish on GYST today:
1/ The chart has a double bottom with a consolidated base over multiple months. This is a strong bullish technical pattern in itself, but combined with the other signals, it makes it even more meaningful.
2/ The chart is flagging and holding the recent gains it made back it February. Flag formations are also a bullish pattern as it shows new buying and consolidation after a move higher.
3/ GYST has a history of big moves. Just take one look at the chart and you will see the kinds of moves it can make. Back in December and again in February it made triple digit moves in one day and closed at or near the high of the day.
4/ Extremely low market cap - GYST has a market cap of only one million dollars. This is almost unheard of for micro cap companies, and makes me more bullish because generally a smaller market cap means less shares to be traded, and value investors that come in to bu.
Take a look at the chart I have annotated below.
This is my favorite chart pattern to trade over multiple time frames and can results in some serious gains being made.
You will see a recent high of around $0.0046 that was made a few months ago back in late December. On a technical basis, this appears to be the natural target now.
So, based on Monday's closing price of $0.0019, that's a 142% gain.
And that is just the first stage of what I think could be longer term move to much higher levels.
Here is some information about GYST...
The Graystone Company
Inc (GYST), is a mining corporation dedicated to building and
maintaining continuous, sustainable economic growth while providing meaningful
employment to the community we're a part of. We strive to increase shareholder
value through our diverse business model to generate equitable results for all
shareholders.
The Company is focused on acquiring and developing gold and other mineral
properties. The Company's strategy is to build value for shareholders by the
identification, acquisition and exploration of early-stage properties that show
significant potential for the discovery of gold.
You can take a look at their website here.
The bottom line is this... GYST has a market cap of
only one million dollars (very few micro cap companies have a market cap this low), a tremendously bullish chart, has paid back all toxic debt, and is expanding its revenue generating operations.
I believe GYST has excellent upside potential in the near to mid term.
Make sure you don't get left behind at the opening bell today.
ShiznitStocks.com
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