One thing is for certain: after introducing our newsletter subscribers to El Maniel International Inc. (Pinksheets: EMLL), we’ve received a huge number of cheerful emails. Between the ‘I.O.U.’s and the ‘How Can I Ever Thank You’s, one member asked, “Is El Maniel International (Pinksheets: EMLL) a buy, hold, or sell? Putting taking credit for another monster stock pick on hold, we thought we would give what we believe is an excellent question an equally appropriate answer, first.
On Monday, following our newsletter to subscribers, EMLL traded near record volume. The price also hit a new 3-month high ($0.0014). These are clear signals of growing interest in the market. In simpler words, more investors are putting more investment dollars in El Maniel International Inc. (Pinksheets: EMLL).
TRANSLATION: BUY
While the stock price has risen 450% off its lows, the Relative Strength Index (RSI), a widely-used technical indicator, shows the market has just now crawled up out of oversold territory. Technically speaking, that means there is room for a bigger move – yet.
TRANSLATION: HOLD
Without naming names or evaluating what is being called a potential ‘gold mine’, El Maniel International (Pinksheets: EMLL) has yet to provide an update on progress with their gold mining project. That is, at least in part, what’s feeding this ‘play’ – right? Therefore depending on the nature of coming updates, the company’s timing with news releases and their willingness to ‘feed’ the rally we can expect to see more speculation.
TRANSLATION: SPECULATIVE BUY
Here’s a snapshot of the newsletter we sent to PSH subscribers on the evening of Sunday, November 14th:
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