American Green Inc (ERBB)

[Night_Falls]

Reality Bites
Hard.
Funny, last week when ERBB was above .01 I mentioned there was a small gap just below .01 that I would have like to seen closed before any move up. So many lovely responses, but guess what happened? That gap got closed (see chart below).

On the flip side, today created a nice gap above the current pps SOOOOOO my best estimates would say we pop over a penny before resuming a further downturn but don't count on it. Either way, there is now a gap above which works well for bulls.

Unfortunately the other outstanding unclosed gap is from late 2013 right before the run up. When I bought my largest chunck of ERBB to date it was at .0017 and the next day gapped over .0025 but from there the pps took off to the .11 highs. That .0025 gap has been looming over the chart for a long time. Stretch the chart below to a 2 year weekly time frame and viola!

That is grim but a very real possibility

http://stockcharts.com/h-sc/ui?s=ERBB&p=D&yr=0&mn=4&dy=0&id=p84514984508