American Green Inc (ERBB)

[YazM]

Brief analysis on ERBB: The stock is still showing a great amount of weakness. Buying pressure has declined while selling has climbed quite a bit despite the decent volume. We are still not in the oversold territory however the RSI is sitting at almost 50 even. Support at .025 did not hold however it did show signs of strength climbing back above that mark which was crucial for the PPS. Our next heavy support base will be .02 which should hold as long as the selling subsides. I believe we will most likely continue lower again tomorrow unless the charts start showing signs of a reversal (or we get some type of news with substance). Be on the look out for .0225 PPS, if we drop below that, .02-.021 will be imminent. Tomorrow morning will play a great factor in the movement of this for the session. If we do drop to .02 I will help support the base with a 500K-1M block depending on how it looks.