RE: Flushed outSeriously, I do know a little bit about charting and TA and all that BS, but seriously, I think when it comes to penny stocks with low volume like EC, you can pretty much throw that stuff out the window. Its my stance that any TA or chart reaction that " trades like a textbook" is purely coincidental. It MAY trade like a textbook as far as " market sediment" is concerned, but I dont buy the whole analysist thing.
Penny stocks trade merely by news and emotion, you cant chart that. Believe me, I have tried and failed.
This is JMO, but it works for me