MYEC has been consolidated above the MA50 the past few sessions with low volume. After winning the best Check innovation award its time to update the chart on some supports and resistances. Support zone in the mid 0.0170's Resistance sits at 0.0220 and 0.0240 MA200 sits at 0.0233 Both the MACD and the money flow has shown positive divergence as seen in previous...
MYEC has some divergence with both the MFI and the MACD curling up. The RSI however put in a new low last wednesday. Volum is low, but im bullish as long as the 0.0160 level hold as support. First resistance comes in at 0.0177 area.
MYEC hit the 0.0140 support from mid August. Now closing in on resistance sits at 0.0177 ish.
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MYEC has been trading in a decending triangle pattern since November. Tight trading range and near completion of pattern. Volume is key for these patterns.
MYEC is now at a key area of resistance. The stochastic is starting to slightly curl downwards. RSI is neutral, but the volume is fading. The key area of support is at the 200MA + the support from the structure after the initial breakout.
Ascending Triangle formation. Potential upside of 30%. Look for a break of resistance @0.0400 at high volume for confirmation Resistance @ 0.0520
Seems to have stabilized after its recent run up from .0008 up to .0074... Resistances at .0037 and the 200 MA at .0049 L2 Special Resistance brought to you by OTC's favorite VFIN up at .0034 mental resistance.