I've just posted about this before, also. First, I didn't know there was a PR today, but it fits well for a well management climb.
Pennylanders always think the PR moves the stock. Maybe on the big boards, where logic prevails. But on the OTC emotion prevails. Without someone big buying the emotion, news only helps.
Specifically for ECDC, if you check the PR cycle and my second chart. You will notice PRs support and pops are bought. If there was a PR today, IMO it was to support the bottom trendline. Volume was low, as with the last step up. They're just not ready to time the buy yet, I guess.
Besides not only is TA & charting full of gray. My darkside speculation and guessing is often washed out gray. Just because TA & charts project or I speculate, doesn't mean things will happen. Failure is always possible. That's why I keep trying to stress, trade after action, not before.
