Erin Energy Corp (ERINQ)

[ryall12]

looking for an entry again. could be doom and gloom but i still like the long term chart and short term can turn at any minute. there was strong insider buying and well games like this are often played when news is delayed and someone thinks its about to hit. many times stocks get a shake or dip before a pop.
was really hoping low 1.80s would hold for weekly support but sometimes support lines are either off or pps goes under a bit before snapping back over.

hourly is ready to turn and has been trying. daily is resetting and some indicators are ready now.

not saying its go time but dont think its over here either. next move should bust through that 1.90 resistance which formed and most likely go past the 2.20 as well especially if news hits. expect consolidation between 2.60 and 2.20 though if this does play out with longer term over 3.00 very possible.