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nopancakemix

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nopancakemix

Re: None

Tuesday, 05/13/2014 11:35:58 AM

Tuesday, May 13, 2014 11:35:58 AM

Post# of 21475
VAPE: Double Bottom at 2.60 / 2.67
http://stockcharts.com/h-sc/ui?s=VAPE&p=D&yr=0&mn=4&dy=0&id=p78823523656

Hey folks,
This is my first post here after being introduced by the benevolent Doc K. Here are my positions:
Long ERBB, MJNA, TRTC, VAPE, LATF, SKTO

After pouring over some charts this morning I came across a double bottom in VAPE. I'm assuming everyone knows what a double bottom indicates. The first low of the DB is at 2.60 followed by the second low at 2.67. VAPE is currently at the breakout level of the DB.

My biggest concern is the 1.25 gap from the November 2013 bounce but I like the technical setup for VAPE right now.

"Emancipate youself from mental slavery, none but ourselves can free our mind"
-Bob Marley

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