Embarr Downs, Inc. (EMBR)

[Cube]

Here is some DD. In validated emails the company told several people that the reverse merger would be completed with 15-30 days. That was on approx 12/5. Now we wait to hear more on that.

The stock held strong support @ .0013 and by the way there was another support @ .0009 but that was never even a consideration. Considering the turbulence that many traders have seen recently. I'd say the stock has done very well. Let's remember that it came from .0006 bottom and hit .0022, that in itself would lead to a pullback.

Also the Authorized share count, the maximum share count is 300M. Wouldn't surprise me if this is about maxxed. Put a little too much pressure on it and newer highs are created.

Volume and share count question: Don't be dissuaded by claims of more than 300M AS(authorized). There is a bunch of daytrading going on, swing trades. This is effect inflates volumes. So let's hold support and we should test .0018 and .002 any news or filings, all bets are off. Good luck.

Daily:


Weekly: Look for~Break and hold 50ma@ .002