EQ Labs Inc (EQLB)

[SPM555]

Since late last year this stock has been in a downtrend, and the action you see in this chart here looks to me like the stock is trying to put in a bottom. You see the low it made near the left of the chart, followed by a sharp rally, followed by a low volume pullback and consolidation, and most importantly a failure to make a new low. Now the past couple of weeks you see the stock starting to come to life again, in fact I’d call those last ten candles a flag or triangle pattern, and Friday’s candle is extremely close to triggering that pattern. This could easily be in play as early as Monday, so heads up.

http://flippingpennystocks.com/?p=551