Vapor Group Inc (VPOR)

[CashBowski]

Daily Chart confirmed a bullish signal with a dragonfly doji on Friday which occurs when price action is signaling an end to the downtrend.

We had a open, high, close at exactly the same price with lower wick above the previous day low as confirmation bears were in control, but once support was established (at 200 day SMA), buying pressure was able to rally back to the opening price.

Technically, this is signaling we are potentially at the bottom of the downtrend, and chart is about to reverse and short positions covered.

It would be ideal if we break down .003 resistance (.0029/50 day SMA) before fins are issued, and then work on our next resistance levels at .0038, and then .005., maybe by eow.