American Green Inc (ERBB)

[Night_Falls]

Wrong About Finish Red but NOT Technical Bounce
Cmon man. Please highlight why you think this jump was anything other than a technical bounce? An upcoming presentation of a new grow system that AG is "licensing" is NOT why the stock moved today.

Look at the chart. The stochRSI was completely bottomed out. More significantly, the pps closed way below the low bollinger band, meaning the pps was more than 2 standard deviations away from the mean. That bearish pressure is unsustainable unless a company is insolvent and shareholders are liquidating.

And the technical bounce wasn't even that convincing. A 10% move on lower than average volume? Yesterday may have been some capitulating but I'm not sure where all the arrogance comes from on such a minor move.