SQI.V

I've been following the stock for 2 weeks on Level II, and charting the progress in various different charting studies ( there is a total of 20 different studies, and I flip through them like a movie clip...) I like to crystal ball with some of the envelope studies... the premise is that these studies (envelope) can reveal what is not commonly known as a run away price move.... I use them, and some other check points to go after new highs and continuation patterns that would cause a diminishing supply to wash out before the bulls run out of steam. When the price breaks out of the top envelope, the price is considered to be run away. It may move slow , it may move fast, but until it closes below the envelope for one session, if the trend is up, the potential for a new high is better than average so it is quite reasonable to expect the unexpected.

We have a break above the envelope in the last session...

There are some prerequisites that must be factored in ...

heavy institutional selling. check (hit the median point at .28 cents)

drop in price from relative new high. check (Back fill)

strong retail investor interest. check (strong volume and persistent rise against the ask on Level II)

high volume. check (the trend is up, so continued strong volume drives the price with trend)

up trend still intact. check (volume is still strong)

buying must move into the position on low momentum white soldiers. check

bollinger should be pinched. check

The assumption of the study is that supply is diminishing... the consolidation is washing... the move is still to the upside.

The fundamentals are very good from a speculative perspective, and the price is about 2 to 3 times under what other comparable stocks with good speculative points of consideration have achieved over time.

Considering the wide difference of opinion on the board(confusion), and the positive divergence in the charts... I like to believe the charts price everything in...

I have taken a position at .35 with a tight mental stop... the news release this morning appears to be good and there is no pre-market volatility. Level II bids are solid as of 1/2 hr before open (not necessarily an indication of anything)and twice the selling ask.... the bulls are ferocious. LOL.

GLTA



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