Friday, May 21, 2021 8:54:02 AM
Just an observation..
Somehow, a catalyst needs to emerge if EEGI is to make a second run.. Even if it triangulates in a holding pattern for awhile, it could easily bounce up to 0.006 which is a double from here.. Conversely if it breaks down below .0025, all bets are off .. Whatever the case, this will be determined within days. heading into the weekend I'd like to see some type of upward signal -- anything at this point. We have to get as far away from .0025 as possible.
Per the other day, I probably throughout the term head and shoulders a little loosely.. I guess I have a theory in my own head about that type of formation within a trend.. And I am not a pro or anything.. -Just self-taught through the school of hard knocks.. However despite Mr Dow's grave spinning, - I'm sticking with my theory that that second higher shoulder (or peak as you would call it), put in the other day, is foreshadowing a continued a upward trend over the short term -(unless there is a salient reason for a breakdown [hopefully nothing illegal]). All of that excluded, I am bullish that this bounces from 0.0025 and challenges resistance as it continues to create space..
Just my thoughts and ideas for today... 003 x . 0031 (flat) in pre-market..
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