Monday, December 29, 2014 9:12:32 AM
ECIG CHART : THE REVERSAL BEGINS
Impressive Bullish factors:
- Higher lows starting Dec 15th
- Increasing volume trend
- Money Flow is showing $$$ moving into the stock
- ROC is @ -28.93 ( still in negative territory = buy zone )
- MACD uptrend ( still in negative territory = buy zone )
- RSI is showing 22.30 ( indicates the stock is VERY OVERSOLD )
- 5MA crossed the 10MA for the 1st time in months! = VERY BULLISH
- Bullish hammer candle with a HOD close @ .113 last Friday
>>> Price Resistances Ahead <<<
$0.1766 = 20MA
$0.4195 = Upper BB
$1.7818 = 50MA
All of these signals indicate a large change occurring with the ECIG chart. Bullish reversal is a go IMO. This week = capitulation.
Impressive Bullish factors:
- Higher lows starting Dec 15th
- Increasing volume trend
- Money Flow is showing $$$ moving into the stock
- ROC is @ -28.93 ( still in negative territory = buy zone )
- MACD uptrend ( still in negative territory = buy zone )
- RSI is showing 22.30 ( indicates the stock is VERY OVERSOLD )
- 5MA crossed the 10MA for the 1st time in months! = VERY BULLISH
- Bullish hammer candle with a HOD close @ .113 last Friday
>>> Price Resistances Ahead <<<
$0.1766 = 20MA
$0.4195 = Upper BB
$1.7818 = 50MA
All of these signals indicate a large change occurring with the ECIG chart. Bullish reversal is a go IMO. This week = capitulation.
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