Medical Marijuana Inc (MJNA)

[ospreyeye]

MJNA Chart.......looking forward to the bounce.....MA(10) @ 0.23 is my target......should see @ least the tail of tomorrow's candle hit it......

I fully expect a reversal pattern to form off MA(10) .....would be a major change in trend & a major red flag if MJNA closed below MA(10).....

MJNA has closed under MA(10) only one time in 2013......on the 18th MJNA closed slightly below MA(10).....

MJNA bounced on the 22nd & closed above MA(10)......it hasn't closed below MA(10) since.....

If MJNA closes below MA(10) watch closely the next day.......if it's unable to get back above this crucial MA there will be more downside risk......

2nd level of support is MA(20) @ 0.18.........Parabolic SAR flipped to a SELL Signal today.......

MACD Line peaked & is starting to head down......Fast Sto & RSI have pulled back from Overbought levels.....

The main key for MJNA now: hold MA(10) support.......watch MA(10) like an Osprey......

if MA(10) breaks & MJNA is unable to maintain support I'd expect a pullback to MA(20).....

As long as MJNA stays above MA(20) the Bullish uptrend should continue..........

A DOJI or White candle will signal the reversal......on Bounce radar......$$$