Minerco Inc (MINE)

[thedeafinvestor]

People need to see this.

Resistance is there and today's candle confirmed neither bullish or bearish pattern since it is a sign of consolidation and the shadows are short which confirms consolidation as well.

However, since the stock gapped this morning and had an afternoon below the opening price, and then finished above the opening price...gap was filled which shows bullish.

It will be difficult to break through the resistance without much volume. If tomorrow doesn't have much volume, then it is starting it's drop.

But drop in a positive manner. It is on its way to its 38% retrace and then potentially skyrocket.... unless the support is broken.