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MGON:
HOD hit MA(200) resistance and pulled back slightly after a lower open today. Volume the past 2 days has been minimal on this pullback which is a good sign for the bulls. However The lack of volume is worth keeping an eye on.
You can see all the upper wicks since the breakout as the price has pulled back under MA(200) resistance, and has bounce off MA(100) support. This is the key level to hold .004 (as we saw happen today)
Worth noting is the 2-3 million share ask that appeared to start the day and to end it. It would show up, walk down the ask a few points, and then disappear. If the SS is maxed as people say, MGON is very intriguing. A close over MA(200) and a hold of it as support will be VERY bullish IMO and will signal pennyland is on deck.
I am liking the consolidation in this bull flag range and with the RSI sitting at 61 there is room for a pop! MGON on VOLUME WATCH.
MDCN:
MDCN has a very significant development in the last minute of trading today IMO. 1.2 million slapped the .0165 resistance ask and broke to a new HOD right at close. Looks like someone was betting $16k that MDCN will see green tomorrow.
After pulling back from the upper BB MDCN saw a very nice tight sidways consolidation range. The past 2 days of low volume and lower wicks showing accumulation is a good sign for the bulls. This combine with the resistance break EOD puts MDCN on HIGH (pun intended) watch going into tomorrow. Volume has been declining the past 7 sessions and I expect that trend to change tomorrow.
Upper BB resistance is .0227 and a close over .021 = SHOWTIME.
RSI is at 60 and fullsto has tons of room before overbought level.
NExt MA resistance is all the way up at .0497
MDCN:
MDCN has a very significant development in the last minute of trading today IMO. 1.2 million slapped the .0165 resistance ask and broke to a new HOD right at close. Looks like someone was betting $16k that MDCN will see green tomorrow.
After pulling back from the upper BB MDCN saw a very nice tight sidways consolidation range. The past 2 days of low volume and lower wicks showing accumulation is a good sign for the bulls. This combine with the resistance break EOD puts MDCN on HIGH (pun intended) watch going into tomorrow. Volume has been declining the past 7 sessions and I expect that trend to change tomorrow.
Upper BB resistance is .0227 and a close over .021 = SHOWTIME.
RSI is at 60 and fullsto has tons of room before overbought level.
NExt MA resistance is all the way up at .0497
MGON:
HOD hit MA(200) resistance and pulled back slightly after a lower open today. Volume the past 2 days has been minimal on this pullback which is a good sign for the bulls. However The lack of volume is worth keeping an eye on.
You can see all the upper wicks since the breakout as the price has pulled back under MA(200) resistance, and has bounce off MA(100) support. This is the key level to hold .004 (as we saw happen today)
Worth noting is the 2-3 million share ask that appeared to start the day and to end it. It would show up, walk down the ask a few points, and then disappear. If the SS is maxed as people say, MGON is very intriguing. A close over MA(200) and a hold of it as support will be VERY bullish IMO and will signal pennyland is on deck.
I am liking the consolidation in this bull flag range and with the RSI sitting at 61 there is room for a pop! MGON on VOLUME WATCH.
MDCN 1.2M buy at .0165 in the last 30 seconds to close above .0165 resistance at HOD.
MDCN HIGH watch tomorrow.
MDCN looks to be priming for another bullish move the past 2 days. .0165 resistance is key to break.
declining volume with 2 nice lower wicks the past 2 days showing accumulation
Eh, remember the 2+ M ask to start the day? That was not sold, and no one is that silly to put 60% of the days total volume as 1 order. Someone is not ready for her to run yet!
They are now walking it down just as was done first thing. For this to start right at the end of the day is no coincidence!
Hmmm tempted for a little ask slappy here for a HOD in power hour
Liking MA(100) .004 support and maxed SS on MGON
Waiting on the volume
All that matters is holding MA(100) .004
OSLH double top .009.. KEY level to break
MJ stocks very quiet mid day... no volume.
Worth noting that the trade is a first thing one for MJ so far. The action is in the first 2 hours of the day $$$
Maxed SS and this thin + MJ stock has to be a prime candidate for a big run. Very intrigued here.
MDCN just went green after a big pullback $$$
Very thinly traded
MGON is primed for a move, but lacking the ihub buzz and volume...
If any big money decides to run it, it will be .01+ easily.
Chart set up even better than OSLH with no moving average resistance. OSLH got the volume and news. Perhaps MGON is next.
OSLH crazy breakout... next MJ runner?
I am sure it has been covered but just FYI fidelity can no longer trade THCZ when I could all the past few weeks. I called and they said it was because of lack of info on the company. This is rare for fidelity and I assume because of the dollar volume and popularity of the stock.
Best of luck
THCZ called fidelity out of curiosity... blocked now because it is caveat emporor (spelled way wrong) looks like they are actually attempting to protect investors as it drops HARD. Just curious why they chose THCZ and not ECIGD or any other of the 234873857 tickers. Must be the dollar volume and popularity.
THCZ FWIW I cannot trade it today through fidelity.... very rare for this to happen. Have not called, though I guess I should.
Other days have been fine
Big boards very strong today SPX looking great
MGON broke through .0074 resistance though volume very light on the day. Apparently the SS is maxed so things could get interesting.
Just needs $ volume... $15kish traded so far is nothing compared to other MJ runners.
$10k slapping the ask right now would see .0085+
DEWM nice steady breakout so far.
over 50% Thursdays volume in 25 min
MGON high watch this AM after a strong Thursday as most of the newer MJ runners pulled back.
MGON: Ihub not buzzing about such a beautiful MJ related chart. Worth noting that $ volume has not been anything to write home about... but I still would have expected much more chatter.
We will see if it has any relation to Monday's action.
Trade charts, make $$. MGON is set up.
Ihub is not even excited about MGON yet. With the moves we have seen on $200k volume, ihub hype could be very influential here. Other MJ stocks that have seen $1m+ days I feel Ihub has much less of an impact on and it is the big boys running the show.
we shall see!
After holding MA (100) support on the pullback, if MGON turns MA(200) into support on Monday it will be off to .01.
A $500k volume day would = 100%+ gains IMO... Thursday was $200k roughly and other MJ stocks are seeing $millions.
Agreed, compared to the action of other MJ runners Friday, MGON appears to be the most "primed" for a run to start the week.
Lots of $$ flowing into MJ stocks + a thin MJ stock that moves quick = profit for investors and traders.
MGON on HIGH watch
BTCS: Bitcoin coming to a flexpoint. Bitcoin daily chart just flipped PSAR to a buy and MACD is looking for a bullish cross. MA(100 and 50) resistance is being tested. Chart: http://bitcoincharts.com/charts/bitstampUSD#rg60zigDailyztgSzbgBza1gSMAzm1g100za2gSMAzm2g50zi1gMACDzi2gAccDistzvzps
BTCS BBs tightening, had a significant close over middle BB resistance, now support (.225) on increased volume. There are now no significant moving average resistances. RSI held the 50 level like a champ, and the chart "appears" to be turning bullish. One to watch next week.
BTCS: Bitcoin coming to a flexpoint. Bitcoin daily chart just flipped PSAR to a buy and MACD is looking for a bullish cross. MA(100 and 50) resistance is being tested. Chart: http://bitcoincharts.com/charts/bitstampUSD#rg60zigDailyztgSzbgBza1gSMAzm1g100za2gSMAzm2g50zi1gMACDzi2gAccDistzvzps
BTCS BBs tightening, had a significant close over middle BB resistance, now support (.225) on increased volume. There are now no significant moving average resistances. RSI held the 50 level like a champ, and the chart "appears" to be turning bullish. One to watch next week.
People long HEMP CBIS MJNA waiting for the next run are watching it happen to tickers they are not in. Extra selling pressure.
Thanks for the info. This was a big reason ECI+ ran recently with a maxed SS. Big money could have some fun with MGON.
MGON Hype watch: Boardmarks 252 at close and #47 most read on ihub. Will compare it over the weekend.
MGON Hype watch: Boardmarks 252 at close and #47 most read on ihub. Will compare it over the weekend.
Also worth noting: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112226409
Maxed SS was a big reason why ECIG ran the way it did before the shareholder vote. No risk of dilution with a maxed SS.
Greater points. I will try nd find time to do some poking around as well. MGON will be #1 to watch on Monday I believe. Big close just above MA(200) today.
Fullsto has plenty of room to run and RSI has yet to hit the 70 mark.
First resistance .0076, then .01 psychological level, and .0111.
In Oct MGON ran to .024, and was knocked down by the MA(200) resistance. There are now no moving average resistances for MGON.
The weekly chart upper BB is .0075 resistance. The October pop pulled back from the weekly MA(50). This level is currently .013.
Volume is significantly higher than the October pop.
Last Feb- March's run from .007 to .19 (roughly 2,000%) was on about 21 million volume. The past 2 weeks has had 343 million shares traded. Obviously the O/S has had to have increased since then... but it is still significant enough to note.
Absolutely, All prior pops were knocked below it by the end of the day until today. Technically MGON is looking very intriguing.
Fullsto has plenty of room to run and RSI has yet to hit the 70 mark.
First resistance .0066 (the high close) .0076, then .01 psychological level, and .0111.
In Oct MGON ran to .024, and was knocked down by the MA(200) resistance. There are now no moving average resistances for MGON.
The weekly chart upper BB is .0075 resistance. The October pop pulled back from the weekly MA(50). This level is currently .013.
Volume is significantly higher than the October pop.
Last Feb- March's run from .007 to .19 (roughly 2,000%) was on about 21 million volume. The past 2 weeks has had 343 million shares traded. Obviously the O/S has had to have increased since then... but it is still significant enough to note.
Hmmm, all the MJ runners pull back pretty hard and MGON is the shining star. Perhaps some people with profit will be looking for the next runner.
MGON very roughly had $200k trading volume today. It would not take much $$ volume to get MGON over a penny. HIGH watch for next week.
MJ stocks hit hard today, MGON the shining star. Traders who stay quick, and strike like a ninja can avoid the bloodshed on days like today. I have found during this MJ pop my win % is much higher the first 2 hours of the day.
There are certainly differences to find compared to last years run. Remember the play was to load the last 30 min. and sell the gap up? We are not seeing any real gapping on this run.
Things worth noting!