Moon Equity Holdings Corp (MONI)

[mdimport]

I never worked with head and shoulders, or other classic patterns (cup formation excepted and that's forming for CYBK). I use simple resistance / support lines in combination with other technical indicators (mainly but not limited to RSI, MACD, stochastics and CMF).

The last 3/4 PR's were sold into because the chart was overbought. When the chart is reset, if the price point is very close to a resistance level on the day a PR is released, it should blow through it with increased trading volume.

Let's assume a significant PR is released next Wednesday / Thursday and the share price is $0.31 with RSI around 50 and stochastics crossing at 0.04 then $0.38 is history forever IMO.