Hello Man utd, I only speculated that news would further help the primary driver, which is chart patterns, volume/buyer/seller behavior and other technicals. I only trade these little guys on technicals mostly. Back when I was warning this as a sell at .15-.10 because NITE came on the scene hard around .20 and wasn't letting up. And technicals pointed to 0.00.. Which it went sure enough. NOW, I see whoever was dumping through NITE (we can only speculate who it is unfort) is either DONE or on pause. As for buying, I suspect anyone with a little finesse could pick up 2-300k under .05 easily by clipping 10-20k a day and taking foot off the gas while the small sellers reload offers at .02-.04 area.. This is why if we can get above .05/.06 on some decent volume, the technicals will rip us back to NITES peddle to the metal trigger point of .12.. If we can get to that and bouy for some time, the next shelf will be .19-.24 area.. After that, I'd have to reassess, that's kind of U chartered above there aside from its mmj pop when it was AXXU. But let's work on the .06 first.
As for RS and his "PR" about his 1 ,and likely only, deal. I don't really see anything too big about it. It's good he was taken on by a vendor but it's only as good as their marketing is. And RS needs a course in marketing either via social or something. I don't think ENCC's own Twitter or Facebook feed even posted that news!?!? I mean?!? Cmon man! So, no, it's NO surprise to me that this didn't budge on that fluffy pr Monday. If it TRUELY meant anything, we would have seen some size clips go through. Still got a ways to go, but I think momentum will get us there part way into this summer at some point. I just need to see a few more indicators to confirm and once I see them, I will certainly shout it out here.
GLTA
$ENCC
