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Tell me one penny stock trading on good volume that's worth exactly what's supposed to from a market cap view. The PPS trades on momo and hype. Even some blue chips are like so (tesla). Fighting for the true worth of ERBB based on market cap is a waste of time. Follow the trend to make money on this one.
1.00 is the best of the best of the best case scenarios, a bit too far fetched. I certainly think this can go up and test .20s and maybe .50s by this year if a bullish long term trend up can be established. But then again, even that would be beyond optimistic. We can only hope ERBB continues on this path of higher revenues, so far so good.
Consolidation before a test to .0115 again and on to .012.
Great volume, breaking resistances left and right, the big test in my opinion will be breaking .012 and closing above that for a couple days.
He's trolling, waste of time acknowledging. We should see a run to test .0111 today if we break past .01.
'Trips coming' is a pathetic statement just like saying we will see .05s next couple weeks. This can move fast, but there are too many shares to move that fast. Yes, great day today, but this stock moves in pragmatic ways, need more days to confirm this is a serious reversal.
I don't think the bid goes lower than .0093 today based on the last 2 hours of .0093 support. If you can get that low that's a good deal.
From my interpretation of the chart, there's a gap of support from .007's to .003s then to .002's and then to .001s. On the other hand strong points of resistance are .012s (as of now where the SMA 50 on the daily chart is), .016 (price hit it twice in Dec. 2014 and Jan 2015 and couldn't break it), .017 (SMA 200 line on the daily, in my opinion the most important resistance to break because it signifies long term momentum), and obviously those pesky low .02s. If it all breaks, it should be a blue sky.
I actually would be more pleased if this breaks .01. This was a support for last week that once was broken the house felt down to .007s. It's now a big resistance that we need to break as soon as possible for a good uptrend to continue.
Broke .009 confirming short term uptrend, great stuff. It's testing .0098 which is the SMA 100 line at the 30 min chart as of now, a bit harder to break that one, but if it does today, this can go up all the way to test .012 by this week without a doubt.
The EMA 50 line on the 30 min chart has been a huge resistance for days, as of now it's at .009 where i think it may try to test today but not pass it. If it does pass today this would confirm a short term up trend.
Support around .007s as my previous posts stated. Would like that to continue. If it falls through that, next strong support would fall around .003s.
It's all about likelihood, not certainty. A big hammer candlestick like this symbolizes that the bulls rescued the price from the bottom signifying a bullish momentum in the end of the day. With a high volume like this, the likelihood of a good bounce is strong, not certain.
Great hammer candle and one of the higher volume days we've seen in months. Primed for a bounce. I don't want to sound too optimistic, but this chart looks great to test the 50 day simple moving average line at around .012 again by this week.
Technicals are certainly a study of interpretation of the same data. I interpret the chart as back as April 2013 where .007s were a resistance, and Jan 2014 where it became support, this is where we are now, it's no coincidence it bounced hard from there today. But in a way you are right regarding not knowing what will happen, the big runs happen without warning on these MJ stocks, it would be too easy of a money making machine to have runs where everyone thought there would be one. Back on the last run, there were alot of pumper groups for example, and since the SEC crackdown on them, it's become harder to gather hype around these stocks like before. Only time will tell, and after let's say 6 months from now on we will have been through another roller coaster up or down and thinking about the next 6 months and so on. You just need to stay focused on your DD, emotions ruin everything when playing with stocks like these.
Agree completely. If there was ever a time to get in this stock, this is it. I'm sure some people can bring up times where the same was being said on different levels, but the RSI is completely oversold now, so for this to drop even more, there would have to be a ridiculous catalyst like an SEC crackdown, or some split. Technicals confirmed .007s as a good support. This drop was not out of the ordinary, volume had been low and news seem to do nothing, so the MMs took advantage to drop this low. If this company is meant to be big, it cannot drop further, if it does i'm out as next strong support levels are in .003s range. glta
.007s make sense in a technical point of view as this was where it consolidated in Jan. last year, and in April 2013 was a resistance it couldn't break. Just look at the chart, it's there, it's not just my opinion.
Yes, that's where the price consolidated back in Jan. last year for the next spike. Obviously i can be wrong, but on technicals, .007s would make sense to buy.
This is where in my opinion the bottom will form around .007s. More heartbroken i don't have serious funds to buy now than the actual low PPS.
The MMs know there's no support and they will drive it down as long as they can. Exactly the contrary of a run up.
For those investing, nothing has changed in regards to the future. Higher revenues are inevitable. For traders, I understand if you are selling, but for people who know how big the future of the mj industry is and how ERBB has positioned itself, nothing has changed. It's tough seeing the PPS go this low after so long, that's the nature of the game, stay focused.
Prime example of how MMs can do what they want when volume is average or below average. For those trying to learn how to become better traders, today is a good way to study up.
No bottom yet. Anything around here so far is way too risky. This could hit .007s before a turn around. Stay alert for a possible bottom to average down. ERBB will rebound, with everything going for it (do your DD), stay focused on why you invest here.
The MMs are controlling this. If you have any Level 2 experience you should be able to get it by now. Yes there is dilution as well, but not enough to keep the price as it is. This could have easily gone down to .007s if dilution was so rampant. When volume is stagnant, they will always be in control.
Please look at other mj stock charts. It's the same pattern ERBB is on. Most of you want to sound smart on why ERBB is falling in particular, it's human nature to want to seek explanations or see patterns where there's none. I don't know exactly how far it can fall from this point, may be the MMs walking it down for a huge run again soon, or maybe it really is non stop dilution. No one really knows, but please look at other mj charts to understand the mj industry is capitulating for another run. These stocks will be around for years to come, its inevitable another good run will come. ERBB is on everyone's watchlist.
I completely agree, ERBB got on board with the sector pump, however it wasn't a week or two of pump and dump, it was a pragmatic walk of higher highs and higher lows for months until it couldn't stand it anymore which is normal. It is risky now like it's always been yes. Because of that it is important more than ever to stay grounded on why you decide to invest or not. Like i mentioned, the point of my post earlier is that the same good and bad reasons existed around ERBB before. If anything, the good reasons before to invest have changed to even better.
Everyone, please do yourselves a favor and search for messages on this board back in December 2013, which was right before the last big run. The same things were being said, VERY same things good and bad. Debts, notes, positive outlooks, all the same. The only difference is that we are actually at a higher pps, have working machines, have more revenues streams, and most importantly higher revenues. My point is you should do your own DD and make a decision based on that and not on what other people say. It's certainly interesting to get other points of view but don't make that the basis of any of your decisions.
triple bottom coming, big bounce on the way...imo
if this hovers in the lower .02's again like in the start of april and start of may, a triple bottom pattern will be formed..imo a good set up for a run again..
nice triple bottom pattern may form, leading up to the run