Energy One Corp (EGOC)

[fly_fisherman]

It Is....

I think the futile attempts to break through the 20dma and hold is whats hurting here. I for one believe we have hit bottom, but EGOC has tested it three times in 4 months and if we are going to have a reversal it should be happening soon. We need to close over .0013 then tackle the 50 day at .00155. I would like to see us break past .0013.

The charts in pinkyland can sometimes be mis-leading. One good day on news and this puppy blows that recommendation out of the water.

With all the potential here I cant see enough sellers stepping to the plate to break the stock down.

Right when you do that, then patent news and contracts come out. I have seen that and actually been burned by it before.

My take on it for what its worth...