Alex, ECIC was supposed to go to 2 1/8 today and hover +/- 1/8 depending on the market. The news obviously changed that, so if any one shorted just after the last peak they would probably have expected to cover today- this would have made the run steeper, as they panicked. At the end of the day late-comers jumped in and up it went, which is important. Monday will be a gap for sure, the T/A says so and there will be buyers who have not read the news yet. The price for the rest of monday is hard to say, if there is a squeeze it will hit the old $3.5 peak, maybe more.
clearstation.com
All the indicators are pointing up, the new yearly high volume is the kicker, now the low cycle will not come down so low , if everyone gets their shares locked in, the demand will stop the shorts and, well, you know the rest.
The yearly MACD will cross just after the open ,start a green bar and send alarm bells out , and also end up as a tag,n,bag on clearstation.
Caveat- I do not own ECIC or have anything to do with anyone who has any connection with ECIC whatsoever.
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