Minerco Inc (fka MINE)

[Pools]

VERY INTERESTING......

So was just looking at charts and noticed we have something interesting happening. Two long term support lines about to cross and coincide. First one is the Feb low then beg of March low meeting at current price. Second support, March 17 low then April 15 low to current price. NOW look at resistance from April 1st to May 3rd which connects to current price. Basically a 3 month consolidation wedged into perfection and within days of a NECESSARY breakout in one of two directions.

I am not really a conspiracy kind of guy but it is very suspect how these things work out. Just as the wedge MUST break we are awaiting major news. Coincidence?? ....maybe...maybe not. Remember the longer the consolidation the bigger the move on the breakout. 3 months sideways on lower volume is pretty convincing to me. So as a trade or a long term hold the next few days should let us know the direction of the next move/run. IF we breakout higher the big # is the .036 range..... .075-.10 shouldn't be far behind.

gL