Echo Therapeutics Inc fka ECTE

[seeker_of_value]

I think all the recent moves are technical. ECTE had been sold big time during the recent public offering. Then it climbed to relieve the oversold position. Now it is falling having cleared the oversold and overbought position. It was very disappointing to see ECTE go about the 50 day moving average so strongly and yet not able to keep above it.

Now I expect ECTE to form a base around $1 and stabilize.