WhaleXpress

VGPR Technical Analysis 9-8-014

OTC:VGPR   VEGA BIOFUELS INC
44 0 0
Oversold.
Great time to add to a position or take a starter for the short time these levels are likely to last.
Evidence of oversold: Current price is 1 tick below the bollinger band , -204 on CCI , RSI hovering right over 30, and we are essentially at the lowest point since late February.
Bullish reversal signs: A/D is still high and in an overall rising trend. MACD is crossed and on the verge of crossing the zero line. Bollinger Bands are tight.
Resistance to look for: .0028, .0030, and .0037
Remember, we are still on the outskirts of summer OTC             , so when things pick up for the weed sector in the later fall, expect this one to be on the top of the food chain.
All imo, goodluck trading all! -WhaleX
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