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Expect this downtrend to turn to an uptrend as Cali rec sales start in a couple months. If we can get through this year's highs, sky's the limit.
Thanks for the informative info Cashflow! To play devil's advocate, could that not be a "W" bottom pattern on the daily forming as it consolidates the gains from a couple weeks ago before the next leg higher. The weekly appears to be an ascending triangle type pattern forming.
Can you explain the zig-zag indicator? That's one I haven't really read up on. Thanks
it wants to run, that 50 day on the weekly is providing some resistance. Need a nice push to get above it for good.
The guy should just let it run and sell for much more. Seems he's the resistance last few days.
Hope you guys are ready for a ride to the moon:
http://thehill.com/blogs/floor-action/senate/344757-dem-senator-introducing-bill-to-legalize-marijuana
News - http://ih.advfn.com/p.php?pid=nmona&article=75346632
What does this mean?
These buys are huge, wonder who the big buyers are. Any ideas?
All time highs coming, looks like.5+ by end of year.
Just enjoy the ride, thinking $.5 by August. Should run how it did last year. Thoughts?
Give it a few weeks or months, but my guess is above .35 for this run. Textbook chart.
MCOA - SLAP THE ASK!
This party is just getting going. Going to look back in a few months and will be much much higher. Buying every dip to the 50 day.
Yep, this could be actually very good for rec weed. Force them to act on it, and if the polls are right, it will be legal and regulated bringing in TONS of tax dollars.
The retails that got scared out just lost 10% in about 5 minutes. Scared money don't make money. With time, I think MCOA is going to be a 10 bagger at least.
That ask is gettin slapped! Looks like big accumulation, don't be afraid, slap that ask.
retail getting shaken out. Sad really, because in a few months they will look back at the huge profits they missed out on here while smart money accumulated their shares.
Smart money was buying off the 50 day today.
What BS, smart money accumulating MJ stocks. The Feds aren't going to go to war with states over legalized weed. Nice scare tactics though...
MMs look like they ran some stops to the downside. Should be a good sign.
Slap that ask! looking good
Yeah sucks when I miss them, but not going to chase. I like that big daily triangle pattern in MCOA, what do you think?
Damn it, had it on watch and went with MCOA instead! goddamn it! not going to chase though :(
MCOA looks like it's getting ready for another leg up. Can run to .19 I think.
"Blue horseshoe loves MCOA"? Buyout rumors? ETF rumors? Please let me know.