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*IF EPRSQ breaks the .0185 area... Then, things could

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Longer Than Most   Wednesday, 08/16/17 02:17:45 PM
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*IF EPRSQ breaks the .0185 area...

Then, things could get interesting in here.

Technically speaking, here's why (my opinion only):

~Daily Golden Cross (50/200SMA crossover) is imminent.

~~There isn't any dilution.

~The 1 Year chart has finally come into a range that is reasonable. In a few weeks, the 52W high will only be .04.

-The volume is low, and inconsistent which certainly takes away from EPRSQs short term. The bid/ask spread is not friendly for flippers which definitely stops people from wanting in.
~On the other hand, this creates larger swings on low volume. EPRSQ saw a 100%+ gain (~.015-.04) over a few weeks practically unnoticed from Dec-Feb in the last year.

~The weekly BB bands have tightened up and the 50SMA is now also testing the price around .02.
-This could create increased down pressure in that area, but also adds more significance to this resistance level (IMO) and only adds tommy suspicion that if .02 area falls, things could get interesting.

-The chart faces a pretty solid looking downtrend starting in Aug 2016 at .06. It was tested at .05, .04, and is now starting to close in on .02, along with the 200SMA (@.019)
~There is also a fairly nice uptrend starting around .005 back in Sept 2016. It was tested at .01, and more recently has been acting as a floor in the .013 area.

In summary, I expect some sort of price action (up or down) in the coming weeks and am interested to see if others feel that, on the TA side of things, EPRSQ is headed for some sort of movement as the uptrend line, downtrend line, 50daily, 200daily, and 50weekly all close in on the .018 area.



~~Steeze~~

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