Could the loooong-awaited turnaround be on the horizon? Bullish falling wedge forming since IPO,
volume ticking up in recent weeks,
pushing up against 20-week moving average,
bullish divergence in RSI and price (yellow lines).
If precious metal prices keep rising, that could be the catalyst this company needs to get out of its slump.
Good luck.
ETI trade ideas
Amazing, Environmentally-Friendly Way To Mine Precious Metals.starting a position here.
Ultra-long term investment.
Environmentally friendly way to mine gold
from conventional mines AND eWaste.
Gets a royalty stream on all mined gold,
copper, zinc, lead, silver, palladium, etc.
Zero-environmental footprint!
Absolutely love it - VERY LONG!
enviroleach.com
Early entry signal triggered Main support held with large volume today, suggesting it is headed upwards. Resistance in RSI has been taken out and KST indicator has crossed bullish.
I'll add more if it can break out of the large wedge pattern, which would signal a strong move to the upside.
This is an environmentally-friendly and disruptive solution for the global gold industry and the e-waste industry. Massive upside potential over the long run if they can get their product to market. I expect it to be somewhat correlated to gold prices but we will see if that is the case.
EnviroLeach 60 day moving avg. breaks through 200 day moving avgStrong Break out on heavy volume above the 80 cent level. The 60 day moving average broke through the 200 day moving average after a six month consolidation period. Trend line moving higher with the 60 dma well above the 120 dma. Fairly new company with environmental patent on Gold recovery through E-waste.