Emamba International Corp (PINK:EMBA is once again in the promotional spotlights.
A promotional newsletter was distributed yesterday after the end of the trading session. Its issuer was the well known promoter Elite Penny Stock.
Investors should pay attention to the disclaimer of the newsletter where they can see that Elite Penny Stock t had been hired by an entity called OCI for $75 thousand to perform promotional and advertising services dedicated to EMBA.
This fact represents a conflict of interest but in most cases market speculators ignore this element and dive into the market completely aware of it. Therefore, a possibility that the promotion may create a speculative session with EMBA stock still exists.
The company has been facing lower trading volume in the last couple of days and its stock price has been less volatile as well.
From a technical point of view a bearish triangle has formed as a pattern on the chart but the forthcoming promotion may distort the technical set up in the next couple of days.
The chart on this stock looks great. Looks like a base.
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