neeso, TA wise the story doesn't look great atm for ETC imo.
Volume has dropped right off.
It keeps falling through trend lines and support lines.
The 50 day and 200 day moving averages are getting closer together. They crossed in April (see chart) which was very bullish but a cross in the other direction would be bearish imo.
The slow stochastic is pointing down sharply but is in the oversold area which is not always a bad thing. If a good ann does come at least it's got a long way to run before it gets to overbought :)
The stock is due for some good news imo and should see a lift, I would assume there would be some more selling pressure attached to this scenario but I guess that depends on whether the news is what holders are expecting to hear or whether it's better. Others here have better fundamental knowledge. Time will tell.
ETC Price at posting:
35.5¢ Sentiment: None Disclosure: Held
