Replies to post #16995 on Energy One Corp (EGOC)

[pauljack13]

I noticed that head and shoulders pattern too. I wonder if it's relevant. It has only formed over 1 week. Friday last week we had a golden cross setup (50 day and 200 day moving average cross). That was supposed to be a rocketship to propel PPS. It didn't, the exact opposite happened, we majorly declined.

My point is within 5 trading days (if we use TA) we've gone from extremely bullish to extremely bearish. (the head and shoulders is bearish). I doubt we can use TA on this small stock if the sentiment can change on a dime in a few days. It seems if TA is used properly on bigger stocks it takes a while for these chart patterns to form. JMO

[didgi69]

soon the pressure is on the shorts flippers we might see it head north this week ,or we need is pr ,news and that web site sorted out and bang shell fly