Friday's close @ $0.14 is above the 10MA @ $0.1319. This is a really big deal and a massive improvement to the chart as this has not happened since October. This to me is the signal for a bullish reversal.
RSI is @ 21 and still VERY OVERSOLD.
ROC ( my favorite BUY indicator ) is still WAY BELOW zero @ -41.79. This is my most preferred "entry zone" for undervalued stocks like ECIG.
Volume is increasing as we push through new resistance levels.
Money is flowing into the stock and the CMF indicator should reach positive territory early this week IMO.
Current Support is the 10MA @ $0.1319
Current Resistance moving forward is the 20MA @ $0.3641 . After that the next resistance is at the Upper BB @ $1.08
My personal outlook on the coming week is that ECIG will gap up Monday morning and move toward the 20MA to test the resistance in that area around $0.36. Soon I believe there will be another record-breaking volume day of trading for ECIG, and that day could very well be this Monday as the bullish close above the 10MA just occurred this past Friday.
This is my opinion and not a recommendation to buy or sell any security. I am long ECIG. I wish everyone here good luck!
Trend line I drew early Friday:
Trend line held perfectly all day:
ECIG (www.otcmarkets.com) Share Structure and Market Cap details:
Lot of enthusiasm on ECIG from some of Ihub's most followed & respected members:
$ECIG ECIG Has Become A Buyout Target For Big Tobacco After Its Failed IPO: "The company's Q3 report showed $16 million in revenue for Q3 2014 and $31 million in revenue year-to-date. Assuming the CEO's guidance is accurate that would mean revenue for Q4 is expected to be more than $50 million. If $50 million per quarter is the starting point going into 2015, investors can speculate that the company will have revenues in excess of $200 million next year." http://seekingalpha.com/instablog/1107010-edward-vranic-cfa/3561345-ecig-has-become-a-buyout-target-for-big-tobacco-after- its-failed-ipo
Propylene glycol, the primary ingredient in the electronic cigarette cartridge, may be a powerful deterrent against pneumonia, influenza, and other respiratory diseases when vaporized and inhaled according to a study by Dr. Oswald Hope Robertson. Decades before the e cigarette was invented, a study was conducted by Dr. Robertson of the University of Chicago's Billings Hospital in 1942 on inhalation of vaporized propylene glycol in laboratory mice. A more in-depth article was printed in the 1942 issue of TIME Magazine http://www.time.com/time/magazine/article/0,9171,932876,00.html for November 16th. "Dr. Robertson placed groups of mice in a chamber and sprayed its air first with propylene glycol, then with influenza virus. All the mice lived. Then he sprayed the chamber with virus alone. All the mice died."
The FDA and Federal Government has been lagging behind on enforcing any restrictions because there is strong evidence and support behind ECIGs and Vaping being the most effective smoking cessation devices available. It is now the States trying to implement restrictions because IMO it is easier for Big Tobacco and Pharma to incentivise corrupt government officials on local levels.
News 
Market Data 
Discover 
