AI
Wednesday, February 06, 2013 10:53:45 AM
MJNA Monthly Chart.....sweet 3 month run.......MJNA bottomed Dec. 2011 & has been running ever since....
MJNA struggled w/ MA(20) the entire yr. of 2012 until resistance broke in Oct. w/ a close above that level....
MA(10) became support in Sept......MJNA has been trading above these levels for the last 5 months......
In Jan. 2013 MJNA Closed above MA(50) @ 0.1598.....that's the 1st support level on the monthly chart for a pullback......
MA(10) @ 0.1024 is the 2nd support level & MA(20) @ 0.0706 is the 3rd support level on the Monthly chart.....
MJNA hit 0.50 this week & has pulled back......this chart shows MJNA is hitting 2009 resistance levels.......
The Long Upper Tail/Shadow on things months candle represents many things......resistance, profit taking, shorting & selling shares.......
Right now this months candle is a White Spinning Top.....indecision.......after a 3 month run & 600-700% gains MJNA is taking a breather.........
Fast Sto @ 55.52 has corrected from overbought levels & shows there's room to run......MACD shows the Bullish run MJNA has been on.......
Looking for MA(50) support to hold......will be watching the months candle closely.......it will signal which direction MJNA will be headed next month.......
Need to finish the month w/ a White candle for the party to continue......a DOJI or red candle will signal a pullback........$$$
MJNA struggled w/ MA(20) the entire yr. of 2012 until resistance broke in Oct. w/ a close above that level....
MA(10) became support in Sept......MJNA has been trading above these levels for the last 5 months......
In Jan. 2013 MJNA Closed above MA(50) @ 0.1598.....that's the 1st support level on the monthly chart for a pullback......
MA(10) @ 0.1024 is the 2nd support level & MA(20) @ 0.0706 is the 3rd support level on the Monthly chart.....
MJNA hit 0.50 this week & has pulled back......this chart shows MJNA is hitting 2009 resistance levels.......
The Long Upper Tail/Shadow on things months candle represents many things......resistance, profit taking, shorting & selling shares.......
Right now this months candle is a White Spinning Top.....indecision.......after a 3 month run & 600-700% gains MJNA is taking a breather.........
Fast Sto @ 55.52 has corrected from overbought levels & shows there's room to run......MACD shows the Bullish run MJNA has been on.......
Looking for MA(50) support to hold......will be watching the months candle closely.......it will signal which direction MJNA will be headed next month.......
Need to finish the month w/ a White candle for the party to continue......a DOJI or red candle will signal a pullback........$$$
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