Exobox Technologies Corp (EXBX)

[A/Cguy]

Often large amounts of volume may possibly indicate institutions buying into a stock which is good but volume is still too low for that. The large candlestick has closed today above the $.33 where the 50 day MA is located which was a line of resistance and now making it a new line of support but with more resistance at.35 and that is where it closed today. We broke thru 2 lines of resistance at .30 and .33 today. We now need a day of closing above .35 to break the above resistance and create a new line of support.
A large candlestick is a strong indicator. To learn more about candlesticks take a look at this website. http://www.investopedia.com/search/results.aspx?q=candlesticks

On this page look under dictionary where it gives various types of candles and what they mean.

Of course any good news tomorrow would eliminate the purpose of any support, resistance or what a candlestick means.