Just to underscore what I said yesterday about volume and charts and how the former impacts whether the latter is significant:
The stock just went up 4% on a trade of less than $20. This is obviously not indicative of buying interest, let alone a buy signal for even the most nimble trader. If one is a technical trader, there is not only no reason to buy this stock right now, there are no technical reasons for even being in it right now. If you want a penny stock that has enough volume for trading, go buy some BWEN. But when it's a stock like EBIG, the only reason for being in it is the premise that they will bring Tsingda to market. Seeing that they have not only registered with the SEC, but are paying a well respected underwriter for related services, I think it's a go.
But I'm not here on technicals because there's simply no data upon which to base a TA.
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