Endexx Corp (EDXC)

[dude iligence]

The accum/distribution on EDXC is very positive. The line is the best indicator of dilution or in the case of this lack there of. If you look at the .09 level from sept 1-9 it broke out from there. That level is where the bottom of the next base is built basically from .09-.12. That could be considered the loading zone where you get on the bus before it leaves to go to the next stop. After a stock runs IMO it is best to leave it alone and let it sell back down to its own support level. It's eventually going to get there anyway. Imagine a kid that is running down a hill and you tell him STOP STOP come back. He may slow down but he will get to the bottom of the hill. So is the price action we've seen the last couple days the kid finding his own bottom or the cheerleaders yelling for him to stop? Look for support at .09 best case scenario a ascending wedge built then a breakout to higher levels. That will require opening low closing high. Each day with a slightly higher open than the day before until the wedge is complete. If .09 doesn't hold then .07 from the Aug tops and the 50ma.
http://stockcharts.com/h-sc/ui?s=EDXC&p=D&yr=0&mn=3&dy=0&id=p12782763109