GDET Ready To Break $0.01 Going To $0.05; Rated BULLISH; Top 100 OTC Gainer; MACD Crossover; 200 MA Breakthrough
New York, NY -- March 13, 2019 -- InvestorsHub NewsWire -- www.nextbigticker.com -- GDET (USOTC: GDET) (GD Entertainment & Technology dba “GDET”) closed yesterday at $0.0089 up from $0.005. Recent GDET news and disclosures suggest that tomorrow the company will announce a new cannabis business already up and running. GDET posted its highest trading volume in two months yesterday at over 12 million shares. The PPS was up 43% making it one of the TOP 100 OTC GAINERS. The PPS broke through the 200 MA and experienced a MACD Crossover. All technical indications point to a breakout. Looking at other companies making cannabis sector entries, market comparables suggest GDET could see a run to $0.05 and potential even higher retracing back to its 52 week high of $0.15.
With Canada legalizing recreational marijuana last year, and the U.S. recently legalizing hemp farming under the 2018 Farm Act, and state by state marijuana legalization continuing to grow, the market is hot for new cannabis plays. Take a look at some of the hot cannabis sector performers to get an idea of where GDET could go – for instance, HEMP (USOTC: HEMP), Pot Networks (USOTC: POTN), Puration, Inc. (USOTC: PURA). It could be a good time to accumulate GDET in anticipation that the marketing firm connection is a precursor to a coming cannabis announcement.
GDET has built a secure, state-of-the-art facility currently racking up a Bitcoin reserve now by adding to the Bitcoin Blockchain. But don’t think GDET is a one trick cryptocurrency company. Anil Idnani, the GDET CEO, is a young, ambitious, high-energy entrepreneur building a much more diversified portfolio of high-growth potential enterprises under the GDET roof than just a cryptocurrency mining company. GDET recently launched the Dream Card, a service that can make any bank or credit card a premium card through a third party service. GDET has also ventured into Bitcoin ATM’s and has more innovative financial services on the horizon. However, it would be a mistake, we think, to consider GDET just a financial services high growth industry company. There are some subtle signs that Idnani is preparing for a launch into the cannabis sector. Namely, GDET has engaged a marketing firm specializing in the cannabis sector. GDET’s public disclosures include the engagement of a firm with a small portfolio of publicly traded cannabis sector companies. This seems like a clear sign that GDET will soon launch into the cannabis sector itself. Keep a close eye out. Idnani has a history of building committed and bono fide businesses. It’s a good bet that a GDET’s announcement tomorrow will come with Idnani revealing a cannabis operation already up and running.
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