Marijuana Company of America Inc (MCOA)

[mrscashflow]

Watching follow thru the chart movement
Next Leg Down to B Uptrend in tact$$$

I bought my MCOA shares week of Friday October/21/2016
as I looked at chart of (3) months earlier I can see the
Breakout's using the Parabolic Sar.

As the Dots start to Breakaway from each group I can confirm the
Momentum by the Parabolic Sar

I counted (5) major breakouts 10-11/2016

Although MCOA is in a long Uptrend there was only (2) tiny Break not like Oct/2016

I had to wait for the data from the close. The price done what the chart show it will do Pullback or Dip to 0.83 High .114

Using the indicators it helps me to get the entire story
after Friday's run I expected a Dip without breaking the Trend

The price is in the Double Top area Nov .092 to Jan .090
A .078 B.060 C .072 D .065 A .090

The next leg is Down to (B)? C? D? EOD

I am expecting a follow thru if a new Pattern is created tomorrow

If the current Pattern is completed MAYBE the next leg is (B)

A Sell
B Buy
C Sell
D Buy

The zig Zag tells me I don't have to guess where
the directions some of the lagging indicators
have crossed-overed EOD

3 Month Chart
http://stockcharts.com/h-sc/ui?s=MCOA&p=D&yr=0&mn=3&dy=0&id=p48155344407