Stock Incubator

[dalcindo]

Stocks On Watch: CRXX, ECPN:

CRXX - 3Yr., WEEKLY Chart:

While the weekly 20-EMA has cross over the weekly 50-EMA, $CRXX 's price has remained under resistance under the upper border of the bearish channel. As long as the 50-EMA continues to act as support, there is a chance that price may breakout.

RSI's long-term support is getting tested anew. This last step may provide a push towards that breakout.

For now, secondary indicators seem to revert away from a recent, albeit weak uptrend. Therefore, the predominant trend remains bearish, but breakout may occur given the conditions met in the weekly 50-EMA and RSI supports, IMHO:




ECPN - 12-Mo., WEEKLY Chart:

Here, $ECPN is offering a more committed trend to the upside. While CRXX may possibly in the early phase of a bullish reversal, ECPN is way ahead of the curve. Secondary indicators continue to look up:




- Dalcindo