Energy One Corp (EGOC)

[pauljack13]

I noticed that head and shoulders pattern too. I wonder if it's relevant. It has only formed over 1 week. Friday last week we had a golden cross setup (50 day and 200 day moving average cross). That was supposed to be a rocketship to propel PPS. It didn't, the exact opposite happened, we majorly declined.

My point is within 5 trading days (if we use TA) we've gone from extremely bullish to extremely bearish. (the head and shoulders is bearish). I doubt we can use TA on this small stock if the sentiment can change on a dime in a few days. It seems if TA is used properly on bigger stocks it takes a while for these chart patterns to form. JMO