Ok, that's one tricky chart. Can I start with a weekly chart over the last 12 months. So it's ranged between .016 and .031 and if you have been active during those swings then this stock has been awesome. Gees there's a couple of good volume spikes there but man the announcements have been busy. Management obviously have a lot to say. But unfortunately for looooong holders, what we can learn from this chart is that every spike in the SP is met with profit taking / supply so it does appear to have been worked well for the traders. There's a pretty high SOI therefore it's a liquid register, easy to get in and out. IMO.
Now to hone in a little closer on the daily and as the SP is so flat between .022 and .025 it's really difficult to read any direction. This daily really exemplifies how any spike gets sold off especially any spike way outside of bollie bands. Looks like the last two sessions have been good for holders, how many have closed out and will look at reloading back in the low 2's?
Sorry Hotcongo, I don't think I can add anything much that you don't already know. For me the daily is just too rugged therefore I'd be focussing on the below shorter time frames as they are so much smoother to read. A simple 8/20 ema combination and Bob's your uncle.
Looks like there's some great opportunities here so thanks for the tag and I'll place it on the watchlist for it's next entry signal and I'll have a go.
Cheers.
ECS Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held
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