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Re: Jukeboxman post# 1858

Monday, 08/25/2014 10:07:18 AM

Monday, August 25, 2014 10:07:18 AM

Post# of 14428
Just look at the chart for the last 9 months bro...90% of the volume is at.06 and above; and since january it's been making lower lows and lower highs. Right now it's heading straight for .06 again. there's gonna be some support at 9 cents but if that doesn't hold then it's gonna trigger a ton of stop losses. Then it's straight down to 6 cents. and just connect the 3 spikes since january and the 3 low spikes and you'll see the clear downtrend heading below 6...and if it breaks that...it's over...so many stop losses will be triggered as nearly 90% of buyers from this year will be at a loss.

I love AFAI more than any other MJ company right now and I believe it's legit...but I have to analyze charts well if I'm going to make better entry and exits.

But we'll see what happens. Election season is coming and big buyers will be looking to invest in the next run so it could bounce hard to record highs. But the chart shows otherwise...at least in the short term.

Would love to hear your analysis bro. I'm still learning how to read charts with support/resistance, volume, etc. :)
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