22nd Century Group Inc (XXII)

[Sendme]

It looks like a new and bigger cup and handle pattern is developing again. This would be a consolidation period as the handle forms.

I have had several good conversations with brooklyn13 and a few others on this topic of technical trading vs long term investing and I will say that if one does his DD on a company like they have, a buy and hold on a consolidation period is actually better in the long run than trading the technicals. (Although I would always have an exit plan if major supports get broken and book some profits along the way up). I have done some back testing on other stocks with similar moves and unless you time every pattern perfectly on the entry and exit, it was better to just hold.

A push to a double top could be next.