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S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,286.30
(
-0.95%
)
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Night_Falls

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Night_Falls

Re: None

Friday, 10/24/2014 6:35:14 PM

Friday, October 24, 2014 6:35:14 PM

Post# of 32302
Major Techincal Setup
http://stockcharts.com/h-sc/ui?s=VAPE&p=D&yr=0&mn=4&dy=0&id=p03393843696

I would not consider today's candlestick a bearish hanging man. Despite the large percentage gain VAPE has experienced in such a short time, the bounce does not a downtrend break. What does break a bearish downtrend is a bullish hammer and there is a fat one on today's chart.

Obviously there is a lot of fundamental action at play here; elections, massive selloff in the overall MJ market in which VAPE was butchered worst than most.
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