Medical Marijuana Inc (MJNA)

[swing_trader]

If your asking my opinion as a professional day trader then i dont think its going to. It has a better chart than MJNA. Look at the 2 hr chart i posted below for MJNA. Im a professional futures trader and i flip pennies for fun. I dont do any dd on any stock. I only look at charts and make entries on what a chart is showing me. Been trading the same way for a little over 11 years now.

I look for a pattern in a chart or some kind of support level. For a few weeks MJNA was riding along the 200 period EMA and told me something was going to happen. When it made its run i waited until it got way extended above the 20 period EMA. Thats the blue line i noted on the chart. After it hit .10 i sold.

I waited for it to pullback into another support. That support was again the 200 period EMA. I bopught back in at .05 and am waiting for another run. I rode it from .023 the first time i flipped it. Im also in the other stock also. Just got back in