American Cannabis Company Inc (AMMJ)

[Fallingknife75]

Quick chart breakdown.

The long term weekly chart still has a 50/200wma death cross in place since May. The 200wma resistance at .53 will be a big one to break through while the 50wma is currently providing resistance at .39.
http://schrts.co/tmUPhPTH

Moving to a one year weekly chart the RSI is neutral at 49. We have broken through the 20wma which will now provide support at .30 while the 50wma as stated earlier is providing resistance at .53. The MACD has had a Bullish Signal line crossover with the separation increasing.
http://schrts.co/WIDyXGDN

On the Daily chart the RSI is on the high side at 75 but this is not unexpected with the large Bid/Ask spread this stock has. The 200dma is providing resistance at .37 which coincides nicely w/the 50wma resistance; this will be an important range to clear. The 50dma is providing support at .27 and the MACD has been steadily climbing since June.
http://schrts.co/BfbhEzgg

Zooming in again we see the RSI at 76, same comments as above apply. There was a recent 20/50dma Golden Cross and the MACD line continues to pull away from the Signal line while also recently crossing the Center-line.
http://schrts.co/ihqRXUuf

Lots to like from a charting standpoint, just need some volume which will come soon enough when the Herd catches on to what is happening here.

All the best,

Knife