ERHC Energy Inc (ERHE)

[TOB]

Where is the news which caused the surge in price and Vol late this AM?

Here in the two charts below. The 150 day MA is widely watched, as is the MACD crossover. Both have alerts going off, as does the increased volume. They have a positive feedback effect.

In particular look at those MACD crossovers relative to the prior rallies. Perfect correlation, with this one being very early and cheap, if indeed there is a following rally.

Those wishing to get in early on what historically can be a 600% - 800% run-up will be buying now. Many more will buy the break-out, if and when it occurs.

Alternatively, others will sell into this, expecting it to fail. Both add volume.