TGODF // Buy the rumors sell the news The Green Organic Dutchman (OTC: TGODF) has submitted an application to list its stock on the Nasdaq.
If approved by regulators, The Green Organic Dutchman will trade on the Nasdaq under the symbol "TGOD." The company said it would also continue to trade under the same symbol on the Toronto Stock Exchange (TSX).
Currently Heavy resistance located at 2.77$
Decision should come in 6-8 weeks according to CFO - Sean Bovingdon
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@grnorganicdutch
The play here is buy the rumors sell the news. 10% price increase in 6-8 weeks range is quite possible.
However if application is rejected price will drop right away.
TGODF is seem to hold nice. It should bounce of Pink line if to touch it, that's a spot to add.
Fundamentally stock is popular , people are claiming to take a positions.
Timing matters so will watch it closely.
Dutchman
TGODF Green Organic Dutchman Holdings LTD, Big Bull Flag?Lets keep it simple!
I've watched TGODF since release go from 2 to 6 in one month. 300% gains that soon may require a pull back.
There is not enough data to look at the longer time frames, as the shorter ones provide more current movements.
I've drawn a nice wedge pattern from the highs, and also found a larger BULL FLAG in the making. By the end of the month we should see where this is going.
Im going to wait until a safer entry zone appears, closer to the $4.30 area at the 618, and even the 786 area could be a second buy zone at the $3.7 area labeled in green.
The Ichimoku on smaller time frames is crossed bearish, and momentum continuing sells. but we can also see a decent amount of buy signals oversold, which I wont be counting on, considering the smaller time frame. There are no buy signals on the more important 4 hr to the WEEKLY.
A breakout of the wedge seems less likely, but still possible. Im a safe pull back level buyer, and will wait until they are reached, or move on to a different trade.
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