The Elephant Starts Talking
Posted: November 12, 2013 Filed under: Double Bottom, Reversal, Volume | Tags: Elephant, Elephant Talk, ETAK, Long Distance Carriers, Software DNA
A possible reversal in Elephant Talk Communications (ETAK) as it completed a Double Bottom pattern by breaking above 0.90 level today. Volume has been picking up lately to 5x the average. Furthermore, ETAK is now above the 200 MA. Initial target is $1.25.