Minerco Inc (MINE)

[thedeafinvestor]

People need to see this.

Resistance is there and today's candle confirms neither bullish or bearish pattern. The candle was short bodied with short shadows which confirms consolidation.

However since the stock gapped this morning and had a day below the opening price then finished above the opening price so we know that the gap was filled and this is a sign of some bullish pattern.

It will be diffuclt to break through the resistance as shown in the chart. A lot of volume will be required otherwise, it is showing bearing pattern.

But keep in mind, this downward is only consolidation, to relax the RSI. It will go down as far as 38% before bouncing back up to break the support.

Pumping the stock is not going to make the stock go up. Healthy charts will.