Minerco Inc (MINE)

[LAmerica]

Sprycel re rsi and entry...

Rsi is starting to get warm and should certainly be looked at but other indicators are now just getting bullish. The point being this could still run a decent % from here for a couple of weeks before it relents and then Sri gets rechecked.

As monkey13 has been saying, who is a Fibonacci master, we haven't even established a b point off the lows a couple of weeks back. We are starting to run into resistance but our current volume is beating it out so far. .0125-.02 range seems logical for a temporary cooling off point. But if major news is landed it could break thru that also. If nothing substantial happens then a pullback from the range I mentioned would create buys in the .008's-.001 area. Incremental cost avg buyin now probably makes sense if your a believer until you can better gauge a pullback. That way if it goes to .02+ on big news you've at least established. But do your dd, look at mang and measure your risk. This is the Otc, and it can operate like the old west.