Medical Marijuana Inc (MJNA)

[ClayTrader]

* * MJNA Video Chart 11/2/12 * *

With another week in the books, MJNA has established yet another bullish candle on the Weekly Chart. The key technical event being accomplished this past week was the prices ability to close above the crucial 200 week SMA.

On the potential side of the coin, lots of eyes will be on that $.16 level as a break of that will then put price targets (technically speaking) at $.21 and $.23. One step at a time of course, but with any closes above the $.23 level, there should be that many more eyeballs that lock onto the chart.

Finally, as the company has done a great job of doing, they put out a press release this morning detailing more bullish activity on the fundamental side of things. Be sure to read the press release below.

Link to Press Release - click here to read the news

Link to Video - click here to watch the technical chart video