EcoPlus Inc (ECPL)

[puitsfraw]

I sent an email to a guy that runs a pincher play forum asking about ECPL being a pincher and heres the email I got back.

"ECPL is a huge pincher. The 2.5 billion shares are a bit of a concern as ECPL is a good reverse split candidate based on that number. I have done no other DD on them, though. The daily charts still look good as long as it can hold these levels as it has retraced into a pretty nice short flag pattern and could be poised for another pop. The short term charts are what needs to be watched, IMO. They’ve retraced as well which is okay, but they are starting to take a bearish look. Needs to hold here and at absolute worst hold .0008 and make a turn to get out of the bearish trend it is starting to establish. There’s some resistance at .0012, but a key level to be broken is .0014. My opinion is that it has a very good chance at making another run based solely on the technicals, but it really needs to do it very soon (next couple days). All just my opinion of course.

Good Luck!"