Marijuana Inc. (HEMP) 0.1350 -0.0480 (-26.23%) 4:02P EST
Daily Average for 2/ 11 /2014 Tuesday 0.1533
1 month with indicators and overlays, I use to see if the trend is still intact.....it is "-D
http://stockcharts.com/h-sc/ui?s=HEMP&p=D...4651322944
Last week I mentioned, on Friday 7th I needed until Mon or Tue to see if HEMP makes a double bottom.
Today HEMP created a "Successful Double Bottom" @ .135 today's Low I expect HEMP to reverse Tuesday.
The location of the price action this W-pattern started 2/5/2014
A - .34 Short
B -.17 Buy
C -.22 Short
D -.135 Buy B est entry last leg of W-Price Pattern 2/ 10 /2014
A-.34 Completed the W-formation A-.34 - A-.34 a Double-Top
Past .34 the handle will build an expanded handle no over head resistance @ .34 to infinity and beyond......
http://stockcharts.com/h-sc/ui?s=HEMP&p=D...0260092119
Parabolic Sar will return Positive above .20cents
I believe the correction was completed today .135
http://stockcharts.com/h-sc/ui?s=HEMP&p=D...8613919777
When the price takes out .34 and i.e. and run to 0.4629 -.50 or higher A new Price Pattern will begin to create a new W-formation.
My favorite way I like to chart by eyeballing my charts. I learned this strategy from Mr. OZ been my go to way of follow then price action and locations.
Overall Average: 64% Buy
Price Support Pivot Point Resistance
0.1350 0.1543 0.1943 0.2343
Opinions
http://www.barchart.com/opinions/stocks/HEMP
cheat sheet http://www.barchart.com/cheatsheet.php?sym=HEMP
(0)
(0)
