American Green Inc (ERBB)

[ospreyeye]

ERBB Weekly Chart......after hitting 0.013 ERBB pulled back for 6 weeks finding Support @ MA(20)....

Just what you want to see......ERBB pulled back, but remained in the Upper Bollinger Band Bullish Channel.....

2 weeks ago MA(50) acted as Resistance & ERBB closed just below this level.......but found Support @ MA(10).....

Last Week ERBB was able to turn MA(50) resistance into Support & closed just ABOVE that level.......

ERBB closed today just below the Upper BB & is now looking to break through that resistance & head higher.....

MA(10) is headed for a GOLDEN CROSS w/ MA(50)......very positive technical development.....

Next Major Resistance on the Weekly chart is MA(100) @ 0.0075.....as you can see on this chart ERBB has been unable to close above MA(100) for YEARS!........

In the last 2 yrs ERBB has broken MA(100) resistance twice & hit that level another time, but on each attempt was unable to close above that level.......

That makes MA(100) @ 0.0075 the KEY level for ERBB to break after 0.006....if ERBB closes above MA(100) for the week you'll know it's SHOWTIME & a big upward move should be coming......

Fast Sto @ 35.83......coming off Oversold levels......this is very positive.....a ton of room to run......this is the juice needed to break through resistance & makes the probability of it happening much greater.......

If Fast Sto was in the 80 range it would have no room to run, but 35.83......that's an IDEAL set up!......

RSI @ 61.27.....back above 50 and a ton of room to run before being in the 80 overbought zone......

Both RSI & Fast Sto look good for a move higher.......

Accum/Dist took a step back last week as investors took profits from the prior week.....Accum/Dist won't be tallied until the end of the week......

What Bulls want to see is Accum/Dist spiking up along w/ the share price......if the seller's chill she has a chance to run......

MA(100) @ 0.0075 is the key target on the Weekly chart.....take note & profit!........$$$