OTCPK:EMMBF - Post by User
Comment by
Murmur13on Jul 27, 2017 9:12am
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Post# 26515486
RE:200 EMA
RE:200 EMATechnically - I'm expecting the sp to bounce back a bit around $2.15 to $2.18 due to all the MA's at that point on both the daily and weekly charts. If it blows through those resistance points there is a ton of overhang between $2.15 to $2.50. But if it eats through those areas rather quick it shows strong buying and better to hold for higher prices.
Fundamentaly - if the Canadian government doesn't state what they are going to do about the International treaties, in particular the 1961 one, they will need to say that there will be an extension of the July 1, 2018 date - which will bring out a lot of sellers.
just IMHO
mur