Medical Marijuana Inc (MJNA)

[DropLine]

Here are some visual facts...

The chart I posted speaks volumes regarding the condition of the MJ industry. I took a general sample of a few of the better known names in order to compare performance over the past year. A few stragglers aside, these chart patterns are consistent thought the industry.

The decline has little to none to do with the state of $MJNA and everything to do with negative investor sentiment and loss of interest in the once "high-flying" MJ sector.

I've been trading the industry for many years, IMO we are due for an upside correction as most positions are significantly oversold. All of these stocks are moving together, nothing will break the bearish momentum unless we get the help of a major catalyst.

I must admit though, the steady bleed down over the past year and a half with just a few dead cat bounces along the way has been tough one to swallow for the entire sector.