ERHC Energy Inc (ERHE)

[TOB]

Yes, the low trading volume is curious, and yesterday we closed below the 150 day Moving Average (used by many). So are we going to break above resistance at .1040 or remain range bound?

If and when we break above that resistance, it will also coincide with a break above the 200 day MA. That event could trigger some buying by break-out traders who could help propel ERHE to a higher share price.

If we do, I'd say their target would likely be the next resistance at 14 - 15 cents, or the next at 18 cent.