MC ENDEAVORS INC. (PINK:MSMY) finished the last session on Friday on red ground. After sliding down 11.76% during the day. MSMY finished the session at $0.03 per share.
Trading volume reached 950 thousand shares, which is almost double the 3-month average volume. As to the short volume, the number of shares which took part in short transactions during the day reached 70 thousand as shown by FINRA website.
With the closing of the last session, MSMY put another stroke in what seem to be an almost streamline trading channel formed since mid-September. At the same time, positive divergence has formed between the sideways trend and the ascending MACD indicator.
It came as no surprise that at such a sensitive technical moment stock promoters were spurred by certain third parties to interfere with the trade of MSMY stock. Namely, two paid newsletters were spread around by 365 News Media and Prof. Stock yesterday.
Both newsletters were part of a campaign ordered by Level Up Industries, who had poured $5,000 in the promotion. The newsletters arrived late at night on Sunday, so investors will be able to witness the effect of the advertising effort in the forthcoming session.
The promoters mention in the newsletter that MSMY was going to have a “tremendous” coverage during the whole week. Therefore, it is possible that MSMY receives more attention from investors in the coming week.
