Replies to post #361 on BrewBilt Brewing Co (BRBL)

[dmlabuda]

I have a couple of scenarios for tomorrow. The daily chart is not quite overbought which leaves a lot of room for a follow through rally however, the 50 day moving average and the current downtrend line will likely be resistance and the rally could very easily stop short just below $0.04. After all, the price more than tripled in one day, there is bound to be some profit taking. Even if momentum carries it Above $0.04, there is a good chance that the price will close back inside the trendline tomorrow. The Hourly chart is giving Overbought readings on all three oscillators. So, even thought this rally could continue higher, it is very likely that it will have a brief reaction here before it gets going again. But, with strong volume again tomorrow, both resistance points could be shattered and we could see another rally day that closes higher above the trendline. So, it will be an interesting day one way or the other. GRPR - Daily Candlesticks