Valiant Eagle Inc (PSRU)

[foxi]

The current pattern I see on the hourly chart is a megaphone, which is known to be volatile and risky trading. This pattern has been showing up all over the OTC in the last few days.

For this to mean anything, price needs to hold at support around .0109 and bulls need to make a rally.

Two outcomes if this happens:
- price gets about halfway up the megaphone to around .013 and stalls out, forming the right shoulder of a a Head & Shoulders reversal pattern on the chart.
- price goes all the way to the top and likely breaks out on point 5. I've seen two out of three tickers do this in the last few days.

Notice the overall pattern is an upward channel. Support is currently at the halfway point which means it has a good chance of breaking out if it can retest the top.

Does anyone know if there's any pending event or catalyzing news? That'd help its chances a lot!