New Technical Report is Game Face Gaming Inc. (IKCC) - Down -45% Ready for a Reversal?
New Technical Report is Game Face Gaming Inc. (IKCC)! Put IKCC right away on your watchlist for tomorrow morning as the chart seems to be bottoming out and looking desireable for a potential reversal in our opinion! The company has been recently unleashing a chain of very promising new corporate updates and developments especially involving a legendary poker master, who we will touch on below. So before we get into the technical chart and recent corporate updates, why should we be even interested in this company? Well for one IKCC combines two of the most highly trafficked online market spaces, which are social networking and non-wager online gaming. Pair these two up and now you have a reality Gaming Social Network Company!
Here is some information on IKCC: Game Face Gaming's proprietary platform (www.FaceUpGaming.com) will be used in creating a vast global gaming network consisting of games from every region of the globe, supporting native languages as well as cross language functionality. Logical additions to the platform include global staples in gaming such as Backgammon, Chess and Checkers and many others. Game Face Gaming is committed to responsible game-play and is not a gambling site. Our goal is to maintain the thrill of online games while keeping it safe for everyone. The Company's social networking functionality provides the user base with the ability to grow their circle of friends beyond those they physically reach day to day. Users sit down to play a game and more often than not, leave making a connection with a stranger which is then maintained via the Company's social network functionalities.
Now looking at the technical chart below, IKCC has been slowly pulling back for weeks. Finally after some recent corporate developments and finding a bottom, IKCC started to show its strength as microcap investors are not letting it slip below $.20. The green candles indicate the start of a slow and steady reversal from the lows. Last week IKCC closed in red at $.24 or down a whooping -45% from the recent 52-week high of $.44! With a technical pull back like this, can we see a reversal in trend happening? If microcap investors digest the promising news, and resistance at .30 is broken, we might be in store for even a bigger rally! The support regions are evident, the bullish chart is developing, so is IKCC ready for a technical bounce? This might be very possible and you will understand why below as we look at the recent news!
Focus your attention now on the recent corporate developments happening with the company. Just late last week, the company announced that, "it has executed a strategic partnership agreement with Card Player Cruises, LLC. (CPC) under which the Company through its Face Up Gaming platform will begin offering Card Player Cruises vacation packages in its monthly prize pools, along with sponsored onboard boot camp seminars and gift giveaways. CPC will introduce and promote the Company's Face Up Gaming non wagering platform to its members. The CPC Tour Boot Camp will feature topflight pros as instructors and four tournaments with a total prize pool of $200,000. In addition to a specially outfitted card room that Card Player Cruises operates with its personnel, members of the voyage poker group have access to poker seminars and training sessions, exclusive onboard parties, and private shore excursions.
"This type of gorilla marketing will give Face Up Gaming great exposure with the poker players, who comprise about 25% of the passengers on these voyages. We anticipate bringing on thousands of players, likely north of 5,000 with this relationship in the first couple of months," said Felix Elinson, the Company's CEO. CPC is owned and operated by Linda Johnson, the former publisher of Card Player Magazine. Johnson is a current World Poker Tour announcer, Card Player author, and a well-respected poker player. Linda will be working closely with the Face Up's marketing team to promote and support Face Up Gaming online and shipside to the tens of thousands of people that CPC is in direct contact with...
"Our first Voyage with Card Player Cruises sailed Sept. 25th, on the Oasis of the Seas – one of the world's largest cruise ships, with 2,700 staterooms – which departed Fort Lauderdale for the eastern Caribbean with 4 of our online finalists. We are looking forward to many more voyages together," said Felix Elinson." <Click here to read full news release>.
Even a bigger profile from the company was announced last Monday that, "The Master" Nguyen will help introduce the Company's non wagering poker game play to the Asian markets. Men will also run training workshops and be available to interact with the Company's Platinum package members, a key service being offered to that level membership. "We are pleased and excited to have Men join our team. Men Nguyen is one of the most interesting personalities in poker. He is charismatic, funny, and friendly. He comes prepared to play," stated Mr. Felix Elinson, the Company's President. "While most people just show up, I start a training week before meeting my opponent. This helps me stay ahead of the pack. Game Face Gaming has developed a fun, interactive, live, non wagering model for poker play and I'm pleased to help the Company introduce this innovative product to the Asian market where I am well entrenched," stated Mr. Nguyen..."<Click here to read full news release>.
Again put IKCC immediately on your radar tomorrow morning as we plan to follow the current technicals and corporate developments throughout the week!
More About Game Face Gaming Inc.:
Game Face Gaming is committed to responsible game-play and is not a gambling site. Our goal is to maintain the thrill of online games while keeping it safe for everyone. The Company's social networking functionality provides the user base with the ability to grow their circle of friends beyond those they physically reach day to day. Users sit down to play a game and more often than not, leave making a connection with a stranger which is then maintained via the Company's social network functionalities. Continue your research here: http://www.gamefacegaming.com/
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