Exobox Technologies Corp (EXBX)

[A/Cguy]

I would assume that he is reading the charts. The PP's hit support on about June 15th, tried to rally back up again, fell and hit support once more on June 27-30th with what is called a hammer candle at the bottom. When the hammer candle is found at the base of a bearish rally (especially after hitting support twice) it is likely to climb again ( along with other factors. Notice that that a letter W is possibly forming which is being formed beginning June 30th until the last date traded. If it rallies up then it will be complete. The formation of a W from the bottom right arm upward can be benificeial (IMO). I am only speaking from a technical position and nothing more.

Eagle may have something else he is thinking about.

The opposites can happen with the formation of the letter M when resistance is touched twice. It will become bearish. M (stands for Murder), W (stands for Win)

Feel free to correct me if you see it differently, it is just my opinion!

A/Cguy