Medical Marijuana Inc (MJNA)

[NapoleonGrande]

Thoughts on MJNA's stock action.
This is based on what I see.
All IMO, discussion encouraged.

This morning, I was thinking a small pullback to either the 5(MA) or, worst case scenario, to 10(MA) on daily chart. The action looked like heaving selling pressure, but buyers were prepared to soak up the hefty sells. There was quite a bit of tug of war (and even now) with .44

As long as support for this level hang here for the rest of the day, it could end at HOD again, similar to yesterday.

Tomorrow could be the interesting day. I could see it reaching .50, only to retrace back to low .40s due to a triggered reaction. Most people are probably preparing themselves for .50 again, so hands will be on the sell trigger. If this is the case, I see it dropping to fill what little gap we had today up. I also believe it will rebound back to today's level for EOD tomorrow.

It all depends on volume really. I am assuming no news release also.