Eastgate Biotech Corp (fka ETBI)

[RJ Trotts]

My Eastgate Biotech Overview!

-Dilution appears to be completed.
-Little to no volume and we continue to drift down. Hopefully staying above the .0015 low.
-IF we get a PR or financials, this stock will move fast.
-Folks loved this stock while the company was selling, they will love it again once/IF the company gives positive updates.
-All money is on the sideline with this stock, hence the lack of volume and interest.
-Bill on Twitter gave an indication news was on the horizon.
-Rose has told some posters here to expect an update soon.

What do I expect?

I expect an update PR, and many have suggested financials coming. Removing the stop sign would be great, but here in pinkie land, who really knows?

I think we bounce back to the .005 area, once we get an update, we have the right SS right now with 450m a/s. Buyers down here will be sellers at .003-.004, and we bounce back to .005-.006 with any buying pressure.

Support Levels:
-we need to close above .0024 to confirm a bullish move.
-We need to sustain the .0015 bottom, to keep from drifting lower.
-Resistance on the way up: .0024, .003, .0034, .0038, .0044, and .0054.
-This is what I have looked at on the chart, we have Blue Clear break out as we close above the above resistance, so many gaps in this chart to fill, due to the selling pressure and the dilution.

Hopefully before we see any SS changes with the a/s going up, or anything else. Anna/Rose and Company will give the stock a boost, prior to messing with the SS. Time will tell.

I am a buyer in these upper teens. Best to all here. RJ