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Golden Grail Technology Corp (GOGY)
The Technical Bull The OTC’s Been Looking For
It’s time to kick off a BIG WEEK so I hope you’re all ready for what’s coming. The data is in and futures have pointed to a potentially bullish market heading into the next 4 days where I think I’ve found a “technical bull” that could be bucking the trend for the OTC.
Golden Grail Technology Corp (GOGY) has been making key announcements that could quickly ignite action heading into Tuesday’s open and the market activity that’s been recognized over the last few days of trading could also be suggesting that it may be positioning for a mirror of the market’s momentum as we move into this week! My only question is, “Will you be ready?”
M & A To Fuel Market MoMo
GOGY was relatively quiet up until recent weeks. Just this month, the company began opening up the PR wire and has gained attention. Just a few short days ago GOGY announced a merger with a performance based marketing company, Accurate Venture. The benefits to GOGY could be unimaginable.
First and foremost, Accurate among other things takes a hands on approach to driving results for its clients. In its own words, Accurate “not only receives the profit from its efforts as if it owned the brand, the company also enjoys a clean percentage of everything the brand sells through their own distribution. Without the cost or added risk, Accurate gets a piece of every distribution deal it makes.”
From CRM software and call center solutions to customer service and enterprise sized merchant solutions, Accurate stands to deliver a growth platform built around results driven services; if the company profits, so does Accurate.
The benefit to GOGY? Besides having such a dynamic partner to enhance the company’s current offerings, GOGY looks to benefit from adding to GOGY’s model of developing eCommerce sites with an efficient use of technology, people and capital.
"Whenever you look at any potential merger or acquisition, you look at the potential to create value for your shareholders. This deal with Golden, was the logical 'next step.' I founded Accurate Venture when I realized most companies don't truly understand internet marketing. I figured if offline sales were going to enjoy the benefits of our online branding then we should enjoy the benefits of the offline profits. However, I didn't want the costs and potential pitfalls associated with manufacturing. So I crafted our first agreement that added profit from offline sales while limiting our exposure to the costs and risks of manufacturing. That first agreement was the start of Accurate Venture."
-Accurate Venture director William Fisher-
GOGY Technical Trade
Let’s not forget that GOGY originally sparked some interest based on the technical indicators that have been developing in the short term. You can pull up any candlestick chart and see that GOGY has been forming a stronger and stronger uptrend over the last few weeks.
Since the end of January GOGY has been climbing from sub penny levels to as high as 0.045. The potential here is not only based on GOGY’s obvious ability to see multi-day breakouts but the consolidation on Friday could be opening up a door for more upward potential this week.
In fact, GOGY’s rebound late in the afternoon suggests that this could be already on a rebound trend. What I mean by this is that GOGY hit a low of 0.015 Friday ( I wish I could have caught onto this at that point) but shortly after hitting that low of day, action picked up in a big way, which saw GOGY jump back by 100% from those lows, closing at 0.03.
In my opinion, with the futures market suggesting a bullish week ahead GOGY may be in position to see a stronger continuation trend come Tuesday morning. It wasn’t more than 2 weeks ago that GOGY was trading at levels upward of 0.045 and a return to those levels from Friday’s closing PPS could be a monster way to kick start the week!
The Golden Grail For A Bull Trend?
The latest PR blitz along with technical indicators showing a possible reversal in the making for GOGY puts this 0.03 pick on the screens tomorrow morning. The company has just executed a merger agreement with Accurate Venture and could give GOGY a strong management partner to expand its current branding portfolio.
Also the increase in attention that has resulted from these announcements could mean that there may be a whole new group of traders paying much closer attention to this company heading into the short week ahead. For right now I’m pulling up GOGY as a technical breakout play Tuesday morning. This having been said, if you choose, pull up GOGY TONIGHT and be ready to trade tomorrow morning at the opening bell!
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