American Green Inc (ERBB)

[Night_Falls]

V Shaped Bottom, Double Bottom, Dead Cat Bounce?
Let's hope it's the former 2!
ERBB is setting up nice technically. If it breaks .019, the next leg up puts ERBB in the .03-4 range. A blue sky breakout could carry ERBB to .20-.22 and it will happen quickly.

Fundamentally, ERBB is looking at Nov 4 elections and a possible PR about new, 2nd generation Zazzz machine placements that were supposed to occur in October but are now rumored to be placed in November due to "delays." Unfortunately these delays are all to common with Zazzz but Shearin seemed confident that shareholders will be surprised by the numbers in upcoming earnings which could be another fundamental factor if the reports are released in November as expected.

ERBB's recent plunge coincided with the biggest broad market drop in year, reversing the YTD gains for most big indexes. Typically, the markets are positive on election years so let hope the bulls are set loose in the next few months.