MINE Daily Chart.......... A Reset After the Test
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MINE Daily Chart.......... A Reset After the Test and Failure of the Horizontal Resistance at .004?
The first few days of attempts to stay above the MA200 failed last week as did the test of the horizontal resistance of .004 (upper pink line). I've drawn in a extra line today which is just under .0035 (pink). The MA200 is at .0027. Even though the company released some good news on Thursday along with 4 filings, the stock still sold off on the news. As you can see, the overall trend is still up as seen by the rising support line (yellow) which began at the low of .0009 in February. Higher lows and higher highs is a trend I'll like to see moving forward over the next 1-2 months. Although the FullSto is in retreat, I'm hoping it will bounce off the 50 line this coming week. Both MACDs are holding well considering the drop in share price from .004 to .0021. I added more on Thursday and Friday in the .0021 to .0025 range. I believe MINE management will execute, and that will take the share price into the pennies. GLTA
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