As you can see above, it appears that after spending a significant amount of time under $0.0050, MINE has now built some momentum in recent weeks and has found support above $0.0040.
This could be a major signal for a bounce.
At current levels, MINE is trading above its 100-Day Simple Moving Average, under its 20-Day and 50-Day Simple Moving Average.
When a valuation fall towards its 100-Day Simple Moving Average Line after trading above, it may bounce back towards previous highs as people can view this as a line of strong potential support.
The more potential support builds up, the more possibility for a vertical move up.
Could this signal growing confidence in a return to previous highs?
In 2020, MINE exploded to highs currently over 300% higher than they are trading at during yesterday’s session.
Now, I’m not saying that MINE is going back to that high today, but between all of the company’s recent positive news along with their bullish technical indicators, it’s definitely a stock to watch closely this month.
Alerted three times in 2020, this profile has made short term runs totaling over approximately 3000%.
BARCHART is reporting MINE as a “BUY” based on overall technical indicators https://www.barchart.com/stocks/quotes/MINE
After the company has released 2 big press releases recently that could start generating some serious attention, this past champ could be on the verge of making another vertical surge.
Minerco Expected To Generate Revenues Earlier Than Projected https://www.otcmarkets.com/stock/MINE/news/Minerco-Expected-To-Generate-Revenues-Earlier-Than-Projected?id=295252
Minerco to Begin Distribution of its Medical Mushrooms, CBD and Delta 8 Product Lines Following Launch of Flagship Facility in Ann Arbor, Michigan https://www.otcmarkets.com/stock/MINE/news/Minerco-to-Begin-Distribution-of-its-Medical-Mushrooms-CBD-and-Delta-8-Product-Lines-Following-Launch-of-Flagship-Facili?id=297102
For these reasons and more, I want you to turn your full attention to this past champ again this month!
Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed in our releases. It is possible that a viewers entire investment may be lost or impaired due to the speculative nature of the companies profiled. Remember, never invest in any security of a company profiled or discussed in a release or on our website unless you can afford to lose your entire investment. We encourage viewers to invest carefully and read the investor issuer information available at the web sites of the SEC. The SEC has launched an investor-focused website to help you invest wisely and avoid fraud at www.investor.gov