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ERBB

$ERBB All Signs Point to Imminent Bounce Potential ERBB ERBB shares are beaten down. Any value opportunity in an exhausted bear market is always going to be beaten down on the charts. The key is to look for bullish divergences in key oscillators – ie, signs that the downward momentum has ended underneath the surface of the action. In this case, we see big bullish divergences in both RSI and MACD, as shown in the chart. These are excellent signals that downward momentum has already started to turn around under the surface, and it may only be a matter of time before we see the sharp back-from-the-dead jump back to the upside that tends to characterize charts like this. We would also point out the high volume characterizing the last week weeks of selling. This suggests capitulation has now happened here and the biggest forced selling is already in the rear-view mirror. A lot of that is probably from folks who will be kicking themselves on the other side of this pattern, and chasing to buy back in when the tape turns in an obvious way. -------------------------------- About ERBB ERBB (American Green Inc.) is second oldest publicly-traded cannabis company in America, with over 50,000 certified shareholders. The Company is focused on leading-edge cannabis industry solutions as seen from a "50,000 foot view." American Green has participated in nearly all facets of the cannabis market and its current initiatives include (but are not limited to) the transformation of nearly-abandoned towns into "cannabis-friendly" destinations, a state-of-the-art cultivation facility in Arizona (Q4/17), promotion of medical-focused CBD (Cannabidiol) products from both whole plant and organic hemp sources, a smart automated vending solution system called AGM designed specifically to electronically identify, in advance of a sale, individuals wishing to purchase controlled products that include cannabis, CBD, pharmaceuticals, and alcoholic beverages in casinos and sports stadiums. In addition, American Green sees the continuing legalization of cannabis running in parallel to the gold rush in America in the mid-1800's. American Green has purchased the town of Nipton, California which it intends to develop into energy-independent, cannabis-friendly hospitality and employment zones. AG Managed Services provides consulting and capital resources for existing and new-build industry operations such as its joint venture relationship it enjoys with Hempful Farms. Key Points: • ERBB is a growing leader in the cannabis space, with huge upside potential thanks to its vending technology, CBD, and cannabis product expertise. • ERBB is making real money, with trailing revs already coming in at $1.6M. • ERBB is starting to see major topline growth, with quarterly y/y revs increasing at 481%. • ERBB is piling up signals of a potential imminent reversal to the upside, with volume, RSI, and MACD hints in play. • ERBB is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way. • ERBB just recorded a MACD Bullish divergence of massive proportions, suggesting a technical change in trend is near. • ERBB is seeing huge expansion and brand momentum as the cannabis bear market gets primed for a major bottom and turnaround.
OTC:ERBBLong
by GregFolin
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