Replies to post #4607 on Bots Inc (BTZI)

[yaboy520]

LMAO they have been trying to ban ECIGS in CA since 2009. Nice try though

Here is the article to prove they have been trying since 2009

http://www.ecigarettetimes.com/california-lawmaker-seeks-adults-only-restriction-on-smokeless-cigarettes

Plus that article you posted came out today and had no affect at all on the stock

[shanett]

They would just buy somewhere else! That's the parents job, not the government's IMO. GLTA MCIG

[PlayInTheGreen]

An internet sales ban? How do you suppose this will be enforced? Pornography which is supposed to be for 18+yr old persons only is free and readily available without an "id" check. The article is arbitrary and refers to California only...there are 49 other states out there. In the end this is not something that can be regulated any e-cig seller can get their website based out of Canada and that's that...

[Horus1951]

Are you kidding me!!!!!! California!! The state that has done nothing but screw up their MJ laws from day one!!! They still don't know which direction they are going!!!
You think because some idiot there wants to ban ecig sales over the internet will drop the share price of mCig!!!!
Really!!!! Seriously!!! LMAO!!!!! Stop internet sales!!! did
The only way mCig is going into the red is "if" some profit taking happens, like what happen on Dec 31st 2013!!! Yes it dropped to .09 a share! What did I and many other smart holders do was buy more....where did mCig close to today...HELLOOOOO....
.234!!!! And when profit taking happens again, I'll be there........buying more!!!!

Ahhhh, I feel better now!!! :>) Oh, and have a nice evening!

[ospreyeye]

MCIG: perfect timing.........$$$

[ospreyeye]

MCIG Chart: I posted a chart over the New Year break after the big drop putting MCIG on bounce radar........Bullish Harami reversal pattern formed on the 2nd........the Buy signal was confirmed the next day by the green candle & higher closing share price & it was off to the races again.........MCIG is on an 8 day run to start the New Year.......impressive.......after the initial bounce the daily gains were small and other MJ plays were smoking.......MCIG quietly hung in there and has turned out to be one of the very few MJ stocks we track & chart that has yet to pull back........& right now we have 38 on the list..........

Instantly I think of 3 things!.......this can't last, take those profits & the bears are going to attack).........

Next I look @ the candlestick pattern......what is that telling me?..........HANGING MAN......one of the most common bearish reversal patterns........checkout the Hanging Man formed the 1st week of Sept. and what followed..........

BEARISH HANGING MAN

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=1201

Definition
The pattern occurs at the top of a trend or during an uptrend. The name Hanging Man comes from the fact that the candlestick looks somewhat like a hanging man. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range.

Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. A small real body at the upper end of the trading range is observed. The color of the body is not important.
3. The lower shadow of this candlestick is at least twice as long as the body.
4. There is (almost) no upper shadow.

Pattern Requirements and Flexibility
The body of the Hanging Man should be small. The lower shadow should be at least twice as long as the body, but not shorter than an average candlestick. It is desired that the upper shadow is very small, or better nil. The top of the Hanging Man’s body should be above both of the two preceding white candlesticks.
Trader’s Behavior

The Hanging Man is a bearish reversal pattern. It signals a market top or a resistance level. Since it is seen after an advance, it signals that selling pressure is starting to increase. The long lower shadow indicates that the sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of this selling pressure after a rally is a serious warning signal. If the body is black, it shows that the close was not able to get back to the opening price level, which has potentially more bearish implications.

Sell/Stop Loss Levels
The confirmation level is defined as the midpoint of Hanging Man’s lower shadow. Prices should cross below this level for confirmation.

The stop loss level is defined as the higher of the last two highs. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.

Next I look at where the candle formed on Monday.........the real candle body formed above the Upper Bollinger Band.........this is unsustainable.......I must type that sentence dozens of times a day..........candles formed above the Upper Bollinger Band are signaling that the move is unsustainable and that the candles will eventually work their way back w/in the bands........right now the upper BB is @ 0.206........that is the 1st support level.......the 2nd level is MA(7) @ 0.164.........that is the 1st target on a pullback........MA(10) @ 0.152 is the 2nd support level........as long as MCIG keeps forming candles above the Middle Bollinger Band/MA(20) @ 0.144 the uptrend should continue..........

the motto is, ride the momo until the momo runs out..........be sure to stay one step ahead of the herd.......hint: the intraday charts will signal the reversal 1st...........$$$