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VGPR Technical Analysis

OTC:VGPR   VEGA BIOFUELS INC
81 0 0
Chart outlook: Bullish

RSI is heading northward yet still very cool with plenty of room to run before oversold territory. MACD is steadily heading north towards the Zero line. Accumulation is up and so is the MFI , both with room to run.

Key resistances: .0024 (Black line drawn on chart. This is the key break imo             , flippers have been prevalent here. Once we clear this area, which looks likely with the latest buy volume , the .0030s should come in short order) 50dma @ .0028. 200dma @ .0037

Status update: It also appears that the large bid seller, who's been majorly responsible for this large drop in VGPR             has just about finished after the 10m share sell last week. Shareholders have been in contact with the CEO             and he is expected to announce updates in the near future. Buy volume has been picking up the last few trading days and lots of big players are holding and accumulating. All listed is in my opinion! GLTA! -WhaleX
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