MaryJane
Short

XXII caught in the longterm-downtrend

AMEX:XXII   22ND CENTY GROUP INC
154 1 9
XXII             caught in the longterm-downtrend:
At the Moment we can see three different Trends:
-The Long term downtrend (orange counting)
-The middle-Term-uptrend (yellow counting)
-The possible short-term-downtrend (red counting)

Long-Term view: Since more than one year, XXII             is caught in his downtrend. If a new low occurs in this trend, that would be a very hard landing. The next projection wave would reach till ZERO! The worst-case "Zero-Target" would be active, if XXII             will crash through the support-Levels @0,6$

Middle-term view: The middle-term uptrend is still active. If the Support @ 0,9-1$ will be bougt an XXII             can jump over 1,3$ it is possible that we will see the 1,6$ or 1,8$ (yellow "2?")

Short-term view: The short-term downtrend will continue, if XXII             will fall down the Level @ 0,9$. This Event will generate a shortterm target @ 0,6$
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Incogniteaux
2 years ago
Very good chart. Expanding international and domestic business will likely trigger a reversal sooner than .90 imo though
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