Friday's close @ $0.14 is above the 10MA @ $0.1319. This is a really big deal and a massive improvement to the chart as this has not happened since October. This to me is the signal for a bullish reversal.
RSI is @ 21 and still VERY OVERSOLD.
ROC ( my favorite BUY indicator ) is still WAY BELOW zero @ -41.79. This is my most preferred "entry zone" for undervalued stocks like ECIG.
Volume is increasing as we push through new resistance levels.
Money is flowing into the stock and the CMF indicator should reach positive territory early this week IMO.
Current Support is the 10MA @ $0.1319
Current Resistance moving forward is the 20MA @ $0.3641 . After that the next resistance is at the Upper BB @ $1.08
My personal outlook on the coming week is that ECIG will gap up Monday morning and move toward the 20MA to test the resistance in that area around $0.36. Soon I believe there will be another record-breaking volume day of trading for ECIG, and that day could very well be this Monday as the bullish close above the 10MA just occurred this past Friday.
This is my opinion and not a recommendation to buy or sell any security. I am long ECIG. I wish everyone here good luck!
Trend line I drew early Friday:
Trend line held perfectly all day:
ECIG (www.otcmarkets.com) Share Structure and Market Cap details:
Lot of enthusiasm on ECIG from some of Ihub's most followed & respected members:
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