Generation Next Franchise Brands Inc. (fka VEND)

[pj McMulligan]

Hey bud, VEND's pincher is forming up on the daily. Most charters place the PPO over the ADX to illustrate the pattern, but you could also put the COPP, MACD, KST, ROC, or the TSI ontop which can reveal other patterns that will appear as two fingers were "pinching", or squeezing tighter together. What we're looking for is the start of the divergence, or peeling apart, of those two indicators to confirm that a bottom is in, or add further to early entry positions.

With VEND, current pps is approaching support levels from DEC 2015 lows, when the PPO was about -25 and the ADX around 45 when a major pinch and following 2 week price pop occurred. Currently VEND charts show the TRIX 3 having changed direction to the upside, with the ChaikenOSC moving in a positive upward direction. Once that TRIX 3 goes above the zero line, more traders will long imo.

This is our pincher board for more of these types of tech plays. :) http://investorshub.advfn.com/%22House-of-Pinchers%22-9737/