• Access To Financings
  • Transparent
  • Innovative
  • Well-Connected

BLOG: Is Gold Canyon getting ready for a breakout?

Gecko Research, April 10, 2015

Normally, a flag formation is a short term chart pattern which in our experience have been proved to be quite reliable. After a leg up, which we had, the stock trades in a sideways pattern (the flag) until the price moves above the upper trendline, which is when the trend continues up.

Making a technical analysis on a small and thinly traded stock like GCU is always more risky and less predictable, but nevertheless, it will be interesting to observe the near-term in GCU.