ERBB | Transbyte Corp. | Today’s Focus

Tranzbyte Corporation ERBB

ERBB put in another solid performance yesterday, reaching higher highs, and holding higher lows for the third consecutive trading session. Our confidence in this play has been growing since last week; we even added more ERBB yesterday based on how good the level two has been looking, and how the chart continues to set up ever-so-nicely.

The 20DMA is almost ready to crack the 200DMA, and we are patiently awaiting for the “Golden Cross” which could come as soon as next week. The Slow STO saw a crossover yesterday, reassuring us that ERBB is running with the bulls.

Early on in yesterday’s trading session, there was a wall of resistance with several million shares for sale in the mid-.005 range. However it was easily breached with the excessive buy-side pressure ERBB saw into the close. Closing at the high of day is always a positive note, and a sure sign of strength; leading us to believe that ERBB has a lot more left in the tank.

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On an added note, we’d like to wish you and yours a safe and happy Thanksgiving. For those in our audience who do not celebrate, enjoy your day off however you choose to spend it, and we’ll see everyone bright and early Friday morning to close out the week.

ERBB & Extended Watchlist

Tranzbyte Corporation ERBB

The medical marijuana plays we’ve been following didn’t quite continue their recent momentum on Monday, with the exception of ERBB, a point of recent discussion which was well into the green. We’ve followed this stock throughout the course of its recent uptrend.

Back on November 13th, we said: “We are looking for when the 20DMA surpasses the 200DMA”, and sure enough, as we point out on the chart below, a golden cross seems imminent. In addition, the RSI is moving toward the power zone, and  the Slow STO is prepping for a crossover.

Other Medical Marijuana related stocks we continue to monitor include: CLNP, CBIS, HEMP, GRNH, MJNA, PHOT

Extended Watchlist:
ABOT, PSWS, PCFG, ISON, SPBU, GLTV, GWYT, WSHE

 

Gemini Explorations, Inc. | GMXS | Update

Gemini Explorations, Inc. GMXS

We mentioned GMXS for the first time back on March 21st. Following that point, we saw a low of .04 (Apr.9th) before the stock ran back to .10 (Apr.30th). After a quiet period in which the stock consolidated to find a solid base at around a penny and a half, last week, volume started picking up. On Friday, the stock traded record volume, making a 33% move from .03 to .04, closing at the high of day.

If this kind of momentum continues, we could be looking at a re-test of previous levels at a dime, and a return to that level would mark an additional 150% gain.