Replies to post #31185 on Movement Industries Corp (MVNT)

[Honolulu Trader]

Average Daily Dollar Value Is About $5K

Volume is picking up because of the penny chatroom has returned for another round of pump and dump. Works for me. Keep pumping.

When I first entered the average dollar value was around that time $70K- $100K. Drop was on high volume and now we have shit volume driving it higher.

[chemist72]

My view of chart resistance levels.

First, I will assume that resistance around $.01 has been pierced. With only one close above that price, this assumption is tenuous. Will $.01 now be support? I doubt it, but will need a few more days of closes above $.01 before we look for $.01 to be support.

Next resistance level according to my reading of MVNT chart will be around $.012. Chart shows when $.0117 was reached in mid-Feb, MVNT could not break out above that price. Will the second attempt to break out above $.012 be successful? We'll see.

After $.012, the next level of potential resistance I see on the MVNT chart is around $.015. $.015 proved to be resistance from around late Dec. 2019 to early Jan. 2020. Will MVNT encounter resistance around that level again? Wait and see.

You will need to look further back in time to observe other potential areas of chart resistance. Once MVNT breaks resistance above $.015, I will look at higher price levels of potential resistance.

Chart analysis is much more fun on the way UP as opposed to the same analysis on the way down.

On the way down, while making new lows, one can never be certain where the bottom is. Similarly, on the way UP, once the previous high has been breeched, one can never be sure where the top might be!

Best of luck to all the MVNT longs! Next week is almost here. LOL