Saturday, April 29, 2017 2:32:15 AM
Added several million at .003
Is this a technical bounce or full on reversal for MJTK?
TBD...
What is clear, is that MJTK had gained widespread exposure and awareness on a pretty epic run from sub .002 - .0194 on heavy volume. The gap filled (or close enough), and traders who missed the initial run, plus those who may have been trading this all along and waiting for the gap range to hit before taking size, finally got their opportunity to buy in. Volume up ticked as we got closer to filling the gap and hit .0029's yesterday.
With today's trading and strong close, I suspect traders who were waiting for confirmation of a bottom bounce with healthy volume, received just that, and we can see a continuation of this technical bounce, leading into the possible closing of the AFN acquisition and integration of Expo into the Citizen's Toke platform with launch.
Next week could provide some much desired return to the upside.
Go MJTK
Rec
Is this a technical bounce or full on reversal for MJTK?
TBD...
What is clear, is that MJTK had gained widespread exposure and awareness on a pretty epic run from sub .002 - .0194 on heavy volume. The gap filled (or close enough), and traders who missed the initial run, plus those who may have been trading this all along and waiting for the gap range to hit before taking size, finally got their opportunity to buy in. Volume up ticked as we got closer to filling the gap and hit .0029's yesterday.
With today's trading and strong close, I suspect traders who were waiting for confirmation of a bottom bounce with healthy volume, received just that, and we can see a continuation of this technical bounce, leading into the possible closing of the AFN acquisition and integration of Expo into the Citizen's Toke platform with launch.
Next week could provide some much desired return to the upside.
Go MJTK
Rec
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