Medical Marijuana Inc (MJNA)

[cottonmather]

About the only people who would dare buy a crappy OTC company is another crappy OTC company. It is my understanding MJNA has decided to dilute, so I'd say they largely plan to go solo.

Like I have said, the chart definitely demonstrates systematic dilution, pipes, shorting or insider dissolve - they all display the same and have similar bottom line affect. None are good for longs. Companies who arrange these volume games often rely on technical rise to disperse shares unknown. This is quite evident with MJNA. It with the 200ma are negating their technical rise. In the next day or so I will notate a chart pointing these elements out.

I am not bashing MJNA for bashings sake but to point out undercurrents most have no awareness of.

Dec 10 was the origination or technical signal I would have considered. Right now there is good and bad in the chart with near term bad outweighing the good. Of course, relaxing the maker distributing MJNA shares would likely accelerate its progress. Anyway, I pointed out a convincing close below .078 would suggest prolonged trouble. At the same time, there are better investment candidates elsewhere. https://stockcharts.com/public/1164099

Look for my annotated MJNA chart.