American Green Inc (ERBB)

[nopancakemix]

Need a EOD Rally to Prevent Technical Breakdown
ERBB has already technically broken down from the .11 high but the chart is setting up a real knockout punch with a bearish engulfing candlestick from today's action. If ERBB closes below .031 that fat red bearish engulfing candlestick could be treated as a serious sell indicator, sending ERBB down to the .015 gap in a heartbeat.

I realize penny stocks don't necessarily obey technical patterns as consistently as equities on more reputable markets but nevertheless a candlestick like the one forming today sucks from a technical perspective.

On a better note, if ERBB does dip to the .015 gap, I'm shoving about $25k into it. This is getting to be absurd. ERBB is firing on all cylinders. Amazing new business developments. A grow facility and dispensary! Sweet! ERBB shareholders will now be part owners of a commercial grow op and pot shop! Again, SWEET! Cultivation systems with Jurassic Water, distribution systems with Zazzz and a dispensary, Zazzz vapor pens......

SEED TO SALE and now TO SMOKE! That is how deeply embedded into the MJ industry ERBB has positioned itself. That sort of vertical integration is spectacular!

I noticed yesterday the certain posters who were once diehard bulls have flipped and are bashing. In particular one former bull was questioning the $1.7m Jurassic Water System order. Look ERBB's officers know that every regulatory body is looking for a reason to come down on cannabis companies. At an MJ conference in NYC another MJ company's executive discussed that the SEC is now requiring MJ companies to show evidence of their business being conducted, especially regarding PRs. This includes showing contracts, deal memos and backup paperwork to support any developments.

It's always darkest before dawn.

And that's my one post for the day.