Mirage Energy Corp (MRGE)

[Worthwalk]

You won’t have accurate support and resistance for day trading because this stock doesn’t have short interest. Most selling in stocks is a combo of short interest and things like stock becoming free from note conversions say. This one is almost all conversions so that doesn’t create proper support and resistance because there is no obligation to buy back. What you can look at is that over last 6 months you can draw a line across upper 20s where there was a lot of buying. You would expect that if that is broken there will be selling at some point if it lingers below that level long. That’s about the level of technicals you can apply to a stock that doesn’t have both longs and shorts.