Charge Enterprises Inc (fka CRGEQ)

[doone]

Closed green...but closed w a black candle. Couldnt break thru/hold resistance @ 007 Be careful...signs of a reversal coming without news imo

Or, how bout this: Black candle was a result of the gap up at the open. Simply traded down to fill the gap, some would say you need that before the next leg up.
Very good support all day at .0059. MM's took it down to .005 at 11:45 with one trade of $100 to give the impression of a "spinning top" on the daily candlestick.
If a technician did not know the bottom wick was a fake, they may think it was a reversal. So why would MM's want traders to think there was going to be a reversal?
Resistance is actually .0066 Note open price on 6/25, 7/30, and 9/01
50 day Moving average is .0067

I think you do have to discount technical analysis with pinkies, I learned from the best 14 years ago.

Quote "Technical analysis is like a bikini, what it reveals is interesting, but what it conceals is vital"
Yoggi Berra

(He really said it about statistics in baseball)