MyECheck, Inc. (fka MYEC)

[MODiFiEDZ]

Posted by BIG INVESTMENT GROUP LLC

"MYEC has hit a low of $0.01 twice in the past week. The odd thing about this movement is that it's on relatively small volume. The stock now sits around $0.028, which is almost triple from the lows.

This chart 100% displays a lower Bollinger band bounce straight into a stock riding the upper Bollinger band. In moves like this, there is usually a lot of gains to be made.

MYEC has broken some big resistances like the 20, 50 and 200 day moving averages, so where is it going to go now?

MYEC still has plenty of room to grow as the RSI hasn't even reach 70 yet. MYEC dipped today and touched the bottom of the upper Bollinger band so that is a nice sign that it held as support.

The ideal situation at the moment is for MYEC to receive an increase of buying pressure and for it to reach above RSI 80. At that point, a pullback/consolidation cycle would have to occur but as long as MYEC holds the 200 day moving average then the long term up-trend is still intact.

- Your BIG University Editor Frank"

https://m.facebook.com/story.php?story_fbid=559042667534352&substory_index=0&id=330911063680848