Saturday, October 01, 2016 5:40:16 PM
AMMJ has been on a tear. Trading about as well as a stock can trade.
1. AMMJ is over extended in all the longer time frames. Meaning candle is outside the upper Bollinger band.
2. Shorter time frames are showing sideways action.
3.Bollinger bands in 60 min are beginning to round.
4.AMMJ showed .2861 to be resistance on Friday.
5.AMMJ has gaps .2640, .2087, .1945 Gaps tend to get filled.
6. AMMJ is needing a reset.
7. MMs can do about anything at open. I would be looking for a retrace/pullback at this point. I'm not saying we couldn't pop to .2953. I saying I think a pull back on Monday is likely and would keep an eye on Those gap areas I posted. I can't tell how much of a pull back we experience. I'm expecting a potential 50% retrace because that fairly common. Notice the 50sma at.21.
AMMJ is an animal. I just think it's going to find a level of support and work that area a bit before it goes much higher.
Recent AMMJ News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 08:10:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/15/2024 05:11:26 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/08/2024 06:52:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 09:05:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/01/2023 05:23:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 05:27:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 06:30:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/31/2023 01:42:17 PM
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