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MSRT certainly topped out... very weird to watch MMs control it how they did 2 days ago.
MDCND very thin bouncer
BTCS: volume on funding news
Very nice looking chart, some consolidation and looking to break .265 previous spike high
highest volume in last 11 sessions about 450k... 340k today in 26 minutes.
[chart]stockcharts.com/c-sc/sc?s=BTCS&p=D&yr=0&mn=2&dy=0&id=p95298740837[chart]
BTCS chart looks nice, high watch here.
FWDG: bullish reversal watch
Doji after 3 days down, holding middle BB .003 support.
VFIN has been around the ask, and the MMs have a pattern of opening up FWDG, quickly hitting upper BB or MA(50) resistance, and then pulling back for the day.
The 15 min chart appears to be leveling out on the pullback and could be turning North in the near future.
MA(50) resistance .0039
Declining volume pattern on the pullback a good sign for the bulls
They have 2 dividends in the making (hopefully it pays off for shareholders) and the record date is this Friday for both of them so there is some potential people will be adding leading up to this date.
FWDG: bullish reversal watch
Doji after 3 days down, holding middle BB .003 support.
VFIN has been around the ask, and the MMs have a pattern of opening up FWDG, quickly hitting upper BB or MA(50) resistance, and then pulling back for the day.
The 15 min chart appears to be leveling out on the pullback and could be turning North in the near future.
MA(50) resistance .0039
Declining volume pattern on the pullback a good sign for the bulls
They have 2 dividends in the making (hopefully it pays off for shareholders) and the record date is this Friday for both of them so there is some potential people will be adding leading up to this date.
MJ "OGs" Bounce watch! HEMP and ERBB getting oversold.
Brutal downtrend as people watch other MJ stocks fly.
On close watch for bounces.
ERBB .006 appears support from wayyyy back.
MSRT The candle does not represent the action. Checkout the 5 min. chart or something smaller. No idea how the candle ended up looking like that when I watched the first hour of trading and it opened over $6.
FWDG KEY is to close above MA(50) .0039 resistance today. MMs opened it for a quick 60k shares at .005 to establish Upper BB resistance IMO.
Like no one had sell orders in between .0035 to .005?
FWDG wants to form a channel between MA(50) support and upper BB resistance while middle BB support catches up.
MSRT MJ tech IPO posted here before open of 1.05-1.10
Current bid 6.50 huge gap up
Sweet move, congrats to any players!
It will be easy enough to tell if that is the case...
what % of OTC MJ plays make money? : )
I have been trading/investing in MJ OTC stocks for 5 years as my main source of income. I have a position in FWDG for the following reasons:
#1 $ volume the past week was huge and interest has made FWDG very tradeable.
#2 I will be holding shares as a "lotto" for the coming dividends. I am not counting on it happening. I figure I can give it a 50/50 chance of happening which IMO gives the risk reward ratio a big favor in the reward department. IF the divys happen, it is an easy 100%+ profit. IF it does NOT happen, I am comfortable taking majority loss on my investment.
Just posting the logic I am using in playing FWDG. I will also continue to trade it as I hold my core of shares hoping for the divy. For anyone else doing this make sure you specify which lot of shares you are selling!
Best of luck all. MJ OTC has been the source of many riches and many ruins over the years. Everything is a gamble and this is the same. HEM9 spun off and gave out a divy that went VERY well for shareholders that I missed out on because I really did not like the past history of their CEO.
Last time we saw EOD selling like yesterday was 3 days ago when it was intentionally brought back under the upper bollinger band... just like yesterday. Then the next day it opened slightly higher and had a very bullish day.
If I HAD to guess I would say yesterday big money sold everything to lock in their profits, and drive the price down to cool off technicals to run the stock today again. We will know if this is the case in the first hour.
I figure anyone wanting to sell for profits and not get the divy would have sold yesterday between .0085 and .005. I dont think "I will hold through all this selling to sell tomorrow" is going through many people's minds.
IF FWDG pulls off the divy it is free money.
All of the OTC is a gamble and this one is just offering more lucrative opportunities than most at the moment.
While that may be true, it still should not be a factor on whether they can successfully spin off a sub-division shares into another company.
Thank you for posting. I remember regretting I missed that opportunity. Again if Bruce did it... anyone can.
Didn't HEM9 have a spinoff divy? Hell if Bruce Perolwin can pull it off anyone can.
Nice T/A Pete thanks for sharing
MGON volume is a real issue. Yesterday it closed BELOW the 2 supports of the MA(!00) and middle BB. Now the only moving average support is MA(50)at .. it certainly moves quick but yesterday for example was $11k total volume which is very low.
MDCN had a high volume red day yesterday, but was able to recover enough to keep middle BB .0125 as support. This is a key level to hold to continue the uptrend. After that MA(50)support is .0096.
MJ sector did not have a good day yesterday, which was expected with the negative ruling.
Thanks for the congrats and best of luck to ya!
OSLH biggg swing and back to HOD green!
Usually the manner in which they are presented dictates the response. If you had stated a fact and provided a source of information... the reception would be a lot different.
Best of luck!
Filing a complaint in pennyland? Sounds serious. Should get looked into and acted upon right away.
: )
dripping with sarcasm for those that cannot tell.
MSRT recent MJ IPO breaking out
NGCG new MJ player - very interesting chart. Caution though chart shows the news was front loaded yesterday
WHITTIER, CA -- (Marketwired) -- 04/16/15 -- New Generation Consumer Group Inc.(NGCG) announced today the company is entering the Cannabis/ Hemp sector to capitalize on the opportunities available to expand their product lines for additional growth and revenue generating potential.
The company has been in the process of developing additional products with product developers, in addition to utilizing existing relationships with others involved in the beverage industry to continue to bring quality products consumers have come to expect. New Generation Consumer Group's(NGCG) Corporate Relations Officer, Phil Longoria said, "The cannabis/ hemp sector has tremendous growth potential, and we are very excited about this new category of products we will be able to offer to the marketplace." Mr. Longoria further added, "NGCG is fortunate to have our very own resources within the company who have the experience required to create these products with years of experience in the beverage industry. These new products fit into our wheelhouse of already available products, and feel it will easily gain acceptance from our shareholders and consumer base." Further adding, "We believe our sales will increase substantially from not only the current product line of Mucho Macho, but also with the new joint offerings of hemp infused beverages."
New Generation Consumer Group (NGCG) has spent several months researching the realization of hemp infused beverage products and believes this exciting drink category is an excellent opportunity to expand and broaden the company's footprint for success. NGCG would like to assure all investors that in all cannabis related actions, the company is conferring with counsel to be sure any business activities are deemed legal.
I am having the best week of the year... where is everyone? : )
STUDY- I have found watching the 5 min RSI on these MJ stocks helpful. I do not buy if it is 65+ and because most are in a bullish channel buying off the 50 level (depending on MA support) has paid off.
LGBI volume alert, 50% yesterdays volume in 15 min
FWDG running again. Congrats to the board winners!
lots of MJ tickers released 10-Ks today. following "marijuana stocks" on facebook is good source for MJ company news
https://www.facebook.com/pages/Marijuana-Stocks/221880533936?fref=ts
As someone said, better than no filing.
Hopefully everyone with some shares here did it for the lotto aspect.
I personally did because I was betting on FL to legalize MMJ.
Gahhh am I going to have to read through this thing?
Lets pool some info and sources here :)
Would sure like a little action on a lotto.
Some mid day pullbacks but no panic selling by any means..
Interesting.
Meaning.... ?
thanks
MDCN level to close above is previous high close .021 $$$$ wider spread than most so caution... moves quick both ways.
Yessir! Not saying it will be today... but $54 support will be tested, and IMO pass the test.
UWTI, Crude oil has pulled back from $54 resistance multiple times and today has busted through it... I might be looking for some longer term summer oil plays while I am on the road and grab some on a $54 support pullback test. Checkout the weekly crude oil chart
http://www.investing.com/commodities/crude-oil-candlestick
OSLH, FWDG, MDCN MJ plays having a great week leading into the court decision $$$$
This is the board for momentum plays! Staying on top of where the $$ is flowing. Congrats everyone, nice to have some OTC liquidity back.
GWPH exploded Monday and Tuesday... MJ sector leader making moves