Hola mi amors!
It’s your Senorita’s favorite type of blog, the good ole roachy brag blog! In less than a week Herborium Group, inc. (Pink: HBRM) delivers strong gains upwards of 136% for all of the roaches that paid attention to the last update.
I did say during the brutal 80% beating that HBRM took to look for entries near the support levels and it appears that many roaches loaded the boat around .005. HBRM came out with swinging today with news about how they have started a share buyback program in order to tighten up their S/S which sent the stock soaring to hit a HOD of .0118 on over 165 MILLION shares traded, and a dollar volume of roughly $1.5 million shares traded.
If you missed the last HBRM update (http://www.stockroach.com/herborium-group-inc-pink-hbrm-is-the-beating-over-yet/) and the news which I posted pre-market today then SHAME SHAME SHAME, how’s it feel watching another one blow past you? Well fear not my roaches that feel they might have missed the HBRM boat because the charts are telling a rather beautiful story and I will get to the techs right after this reminder:
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Let’s pull up HBRM’s chart: http://stockcharts.com/h-sc/ui?s=HBRM&p=D&b=5&g=0&id=p49462860847
As you can see from the technical indicators, HBRM not only smashed through 2 resistance levels, but the accumulation is rising, the RSI is still at a very healthy 57 and the MACD is starting to pinch and once that diverges we could be looking at a whole new leg higher than the last run, especially since according to today’s news it should be on less shares available on the open market due to HBRM’s share buyback program.
(This morning’s news: http://www.stockroach.com/herborium-group-pink-hbrm-announces-100-million-share-buyback/)
Support for HBRM comes in at .01, .0095 with lower level support coming in at .0075. Resistances lies ahead at .0102, .0118, and .015. I’m looking for that nice big gap fill that I still say was an MM drop in the bear’s favor, and that the MM gap has a good chance of filling.
I wouldn’t take my eyes off of this one anytime soon because she’s showing a trend reversal, and as you can see once HBRM gets going the party doesn’t stop for quite some time.
Senorita “Eat it shorty!’ Roachita