Minerco Inc (OTCMKTS:MINE) Under Pressure: Will it Stop?

Shares of Minerco Inc (OTCMKTS:MINE) are trading lower, again. Twelve days of consecutive pressure.

Market Action

At 2:30, MINE is trading at $0.0031, down by 6.36%. The stock has traded 130 million shares. MINE opened at $0.0030 and moved within a range of $0.0031 – $0.0038.

MINE News Update

Minerco released a press release late-morning. Here are the key points to watch:

Minerco Announces That Davido Joins Rapper Bobby Shmurda And Rowdy Rebel To Appear At June 18th Live Streamed Global Concert Projected

  • The largest musical artist in Africa, Davido, will be joining American rappers and songwriters, Bobby Shmurda & Rowdy Rebel to appear in a June 18th global live streaming concert.
  • Ticket sales are projected to reach 1 Million worldwide.
  • Tickets will go on sale Monday via the Company’s SHRUCOIN, an m-PESA’s Phone Based Mobile Money Transfer Service.
  • The concert will be released as part of a docudrama to a combined global viewership of over 100 million subscribers through Amazon, Roku and Apple TV as well as its own channel, SHRUTV.com.

Julius Jenge, Chief Executive Officer of Minerco, Inc. said: “We are excited that our new crypto based payment system, is to be employed for first time in music industry via this global live streaming concert, with some of the most important artists in the world.”

Trader Notes

MINE has traded lower for 12 sessions in a row. The stock is now trading below its 5,10,20, and 50-day moving averages. Very Bearish. Potential pivot points to keep an eye on are .0037, .0041 and .0049 above and .0029, .0025 and .0017 below.

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