Technical analysis doesn't hold water in the penny market. I am not going to argue with you. I wish you the best of luck, and I hope that you make lots of money tomorrow.
I have traded ECFL several times. I traded it when the Complete Auto merger was on the table. I traded it when the Magnum Energy merger was on the table.
I did the intelligent thing. I took my profits today and moved on. Those that know the penny market will, or have already done the same.
However, there are those who are wiser. Good luck!
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