The purpose of this brief update is to remind you that the charts for Good Natured Products Inc. (GDNP:TSX.V) remain strongly positive and it continues to look very attractive here. The stock was written up on the site almost a month ago since which time it has remained in a tight range, so that it is currently at the same price as back then. However, even though the setup has changed little it is believed to be steadily approaching completion of its Cup & Handle base pattern, with the probability of an upside breakout growing with passing time.
Please refer to the commentary in the original March report for a description of the charts below, which have changed little since then.
While some may consider the name of this company to be a bit silly, what the company does is definitely not silly and the market for the company's products has huge growth potential.
Good Natured Products website.
Good Natured Products Inc, GDNP.V, SLGBF on OTC, closed at C$0.10, $0.087 on 16th April 2018.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
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Charts provided by the author.
The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.