Los Angeles, CA ---April 25th, 2007 ----Tony Golan, Chief Technical Analyst with StockProfit.com, has issued a Technical Opinion on GTC Telecom Corp (OTC: GTCC) on StockProfit.com’s Small Cap Reports page.
According to Mr. Golan, “GTC Telecom (OTC: GTCC) has been in a long-term sideways consolidation pattern for years, as is evident in the weekly chart of the past 3 ½ years. A glance at the chart reveals that that GTCC has been trading in a very broad range between 0.025 on the downside and 0.24 on the upside, For the past year, GTCC has been making lower highs and lower lows, but as long as it hasn’t broken below 0.025, it remains in a long-term sideways trend, which also means it could be basing for a move to the upside.”
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