Replies to post #62251 on Movement Industries Corp (MVNT)

[chemist72]

Agree. Thanks for your analysis SooS.

I consider a move above $.02 to be "blue skies" for MVNT. Even though "technically" blue skies would be a move above $.12. That's because once MVNT gets above $.02, even though there will be areas of resistance, they should be not too difficult to overcome.

3-year weekly chart shows a potential area of resistance around $.03. After that, I see possible resistance around $.055, $.065, and $.08. Of course there will likely be "dips" along the way as profit takers cash out and move on. Otherwise, a nice long and steady rise in MVNT share price seems extremely plausible.

Link to 3-year chart is below.

https://www.barchart.com/stocks/quotes/MVNT/technical-chart?plot=BAR&volume=total&data=WO&density=M&pricesOn=1&asPctChange=0&logscale=0&indicators=ACCUM&sym=MVNT&grid=1&height=500&studyheight=150

[tmcfo]

Thanks for the analysis. Question, ideally you say that best situation is to continue low volume and get back to .10-.12. before company gives us the real meat. So what things/news will propel the pps to get back to .10-.12 level or what should the company do in the meantime to get us back to .10-.12 range?