Sunday, October 26, 2014 4:46:32 PM
MYEC
MYEC price action not tied to the MJ sector like other stocks.
MYEC has had a very bullish past 2 months. Turning all moving averages including MA(200) into support.
Supports:
MA(10) .0358
MA(50) .0295
MA(100) .0244
MA(200) .0264
Resistance: A close over .04 will be a significant bullish development suggesting the bullish move still has legs.
The doji on Friday shows indecision between the Bears and bulls.
MYEC bounced off MA(10) support on Weds.
Keep an EYE on how it reacts to MA(10) on Monday if the bears take control.
MYEC price action not tied to the MJ sector like other stocks.
MYEC has had a very bullish past 2 months. Turning all moving averages including MA(200) into support.
Supports:
MA(10) .0358
MA(50) .0295
MA(100) .0244
MA(200) .0264
Resistance: A close over .04 will be a significant bullish development suggesting the bullish move still has legs.
The doji on Friday shows indecision between the Bears and bulls.
MYEC bounced off MA(10) support on Weds.
Keep an EYE on how it reacts to MA(10) on Monday if the bears take control.
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