Surpassing .55 this morning on moderate volume is a positive sign for ECSL.
The real test will be surpassing .60 area and will be the trigger to a move higher depending on the volume of the breakout.
There is a minor resistance level around ~.77ish otherwise from there was the fast move up to around $1.50 couple years ago. So there should be little overhead resistance after .60.
Much will be dependent on the handling of any news that is put out and investor sentiment towards the information provided. Of course CEO can't string 2 sentence together coherently. But if deal is as purported and with industry players, you can bet if their name is to be mentioned they will make sure the PR is as they want. So I would expect coherent information is provided ....
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