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#OTCSET Guy @ChartDiligence on x 2098 followers
Created: 2025-07-14 14:22:52 UTC
$SPZID aka $SPZI and $GMPW/ $NIHK will be very telling tickers for the #OTCSET idea I'm presenting. Why? Because they're textbook examples of the chart pattern but at the same time they have major obstacles in their way.
My contention is that if the seemingly bad news for these tickers were truly death knells for the respective tickers, the SET patterns would have broken down to new long term lower lows. All three of these tickers have their long term trend still to the upside. All X made long term higher highs in 2021, all three have made long term higher lows since their respective highs. The bad news re: the split and SEC litigation may have been seen as 'game over' for these stocks but the long term trends do not indicate that to be the case. IMO the SET pattern on these are telling us the trend is still to the upside - despite the bad news.
$SPZI has the reverse split which normally is the kiss of death for an OTC, but as you can see the market has digested that event and is now trading at 2025 highs and above all it's daily chart moving averages. The SET pattern is winning.
$GMPW and $NIHK both are #OTCSET patterns as well, nice ones at that, and both are mentioned in Frank's SEC litigation. I don't know if Frank wins his case or not, but what the SET pattern is telling me is that there's value in these shells of his. Does he get his charges dismissed or does he simply sell the shells and someone else takes advantage of them (they're immaculate shells)? Not sure, but the SET pattern tells me the shells still have a very bright future.
Call me crazy, I know this is a contrarian point of view, but the entire point of the SET pattern is that the long term price action is SCREAMING at us that there's a secular uptrend taking over. What better way to prove the point than to highlight what I believe are very bullish long term trends on what the market views as very bearish events. It's easy to be bullish when the crowd is all convinced that the narrative is super bullish, but what about when the long term chart is telling you one thing but the general sentiment is the exact opposite? People turned sour on $SPZID but now that's starting to turn around, and lo and behold the SET pattern is winning out. IMO same will be the case for Frank's tickers too, even if it's hard to believe there's a light at the end of that tunnel. The trend wouldn't look like it does if that wasn't the case imo.
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