AI
Tuesday, February 05, 2013 5:04:07 PM
MJNA Chart.....Bearish Engulfing reversal pattern formed today......
1st level of support is MA(10) @ 0.217.......MA(10) has been major support the entire year.....
If MA(10) support breaks the next level of support will be MA(20) @ 0.172.......
Parabolic SAR is getting close to flipping to a Sell signal.....Fast Sto & RSI have pulled back from Overbought levels......
MACD has peaked & the histogram is starting to decline......0.50 resistance was tough to break.....
Looks like a pull back before the next leg up.......(a DOJI or white candle will set up the bounce when MJNA bottom's)......
On Bounce Radar.........$$$
1st level of support is MA(10) @ 0.217.......MA(10) has been major support the entire year.....
If MA(10) support breaks the next level of support will be MA(20) @ 0.172.......
Parabolic SAR is getting close to flipping to a Sell signal.....Fast Sto & RSI have pulled back from Overbought levels......
MACD has peaked & the histogram is starting to decline......0.50 resistance was tough to break.....
Looks like a pull back before the next leg up.......(a DOJI or white candle will set up the bounce when MJNA bottom's)......
On Bounce Radar.........$$$
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