Vapor Group Inc (VPOR)

[Tony_the_Tiger_1973]

Makes a lot of sense with this stock. So what do the technical patterns say? They say our first bottom was at .0116 and then we rallied back to .0348, to fall back into a second bottom at .0134. A measured price target with breakout confirmation is .0571. We are completing the second bottom, and an inverse head/shoulders is almost complete. We also see a wedge forming on the hourly, and an upward break of which led to the upward correction on the previous bottom. A strategic nudge from the company early in the week would really help at this level. Last time it took five days to get to .0348 so I expect that's where we end up by Friday. We will also conveniently challenge the 50 sma on the daily at that time. This is our naked shorts time to get nervous. A close above it sets up the chart to head to .0571 by end of NEXT Friday 10/24, otherwise we may test out a triple bottom. Looking at points of resistance and the 100 sma, it appears that if we clear the .05 price point the naked shorter will start to catalyze our ascent by covering even more. LOOK FOR BASHERS TO INCREASE EXPONENTIALLY IN THE NEXT TWO WEEKS. I expect we flirt with .06 and then pull back to the low .05s and resistance will need to hold strong. If it holds we are set to bounce from the 100 sma and challenge the 200, right around 8 cents early in the final week of October. We will see the bashers almost disappear as all shorts will have covered by that point. My feeling is that if the MMJ event goes well and has the media attention, we see at least a sector 300%-900% rally over six weeks. In 2012 MJN@ ran 3000% after elections. In short, the price we close at in two weeks will be absolutely critical in determining how much money can be made here. Triple bottom likely yields .10 after rally, double bottom breakout likely yields .25-.30. Have a good Sunday.