22nd Century Group Inc (XXII)

[Sendme]

One good rule of thumb is that when the hourly or daily charts don't go as thought, look at the weekly to find out why. But I do like the 15 minute chart for scalping or if it looks like a bottom is in, then I use it to try to spot a pattern break and Volume spike. I think ultimately if no news comes out, this will naturally want to get back to the moving averages like you said. And the old support is around 1.63.

I think that will shake a lot of people out of the game and give us patient traders some good deals.


Cloud support at 1.65 as well if this 2.00 doesn't hold.

As far as the 15 minute chart, this is an inside pattern trade that I used it for.

On the daily chart, I am now looking at a trend continuation buy on a fib .786 dip or close to it. I think that a lot of people may have that 2.00 set as a stop loss. Those could get triggered and dip the price

I do believe that some day this will make another nice move higher, but for now I will try to make a buck on buying the dips. Basically I think we have close estimates on price action. Best of luck
The 30 minute chart shows a symmetrical triangle/pennant, which most often results in a continuation of the current move (down)