Stock Incubator

[dalcindo]

Re: ECPN - 12Month, WEEKLY Chart:

Hi, Xxx!

ECPN falls in the great find category. In my opinion, you should keep this one to yourself, trade it technically for a while, then see if fundamentals and trading outlook synchronize together.

Technically speaking, the weekly chart is begging for some unwinding of the price. In fact, the 90-weekly-EMA has imposed a solid overhead resistance.

Additionally, a Fibonacci grid from MARCH low at 0.005 to recent recent high of 0.160 puts the first significant 38.2% Fib support at 0.100, which happens to be have been a significant historical resistance turned into a now likely support.

I have put together a 12-month, MONTHLY chart including significant channels for support and resistance.

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I will post this chart anonymously on my site for tracking purposes.
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ECPN - 12-month, WEEKLY Chart:


- Dalcindo