Eurasia Mining has spiked over 200% on almost 14x average volume. This is a huge move with a lot of momentum behind it. That being said, there is likely a lot of profit taking to come.
The market has strong potential resistance at 1980-2005. Will it be strong enough to trigger a reversal? Maybe. It is the confluence of two 1.618 Fibonacci projections. If the market reaches that level this week, as it is close to doing, it will also coincide with a 0.75 Speed fan trend line. This stock has a history of being spikey. Watch out, it can fall through the floor very quickly.
The market has strong potential resistance at 1980-2005. Will it be strong enough to trigger a reversal? Maybe. It is the confluence of two 1.618 Fibonacci projections. If the market reaches that level this week, as it is close to doing, it will also coincide with a 0.75 Speed fan trend line. This stock has a history of being spikey. Watch out, it can fall through the floor very quickly.