3/11/13-3/12/13 CHART ANALYSIS+FORECAST:
(Okay, .0001, I know I said I wouldnt do this, accept this 1 and last time!). I spend so much time trying to promote peace i never get to jump in on the fun! But this isn't about me. Heres MY IMO speech on tomorrow's price, and it's going to be one of MY first and last ones! I'm gonna bold it for increased effect and ignore every body if I'm wrong.;) Me me me. You get the picture. This is
For you!
On the Open
I believe there's a strong chance that the stock will open green and free into the low 30's, particularly between .30-.31, which may warm up the water for buyers to get excited about holding more MJNA and begin to settle in at higher buying levels on the other side of this week.
I anticipate that it will open up in the extreme low .30's because the chart has entered into a what resembles a waning wedge reversal pattern, and MJNA likes to get up and gap up during this time OTO.
It's around 10am when that breach of .30 may provoke a sell off into the low .29's to mid-low 28's, but the breach of .30 will be the end of that price wall---which will get a wider variety of traders excited.
Into the end of the month heading towards April 20th, this same gap-up-and-over-resistance phenomenon will likely occur through .35, and other future stepping stones but at that point theres a slight chance we may experience another free fall into the sky with combined news, q1 results and word of the Feds thoughts on the issue in mid April.
The above forecast for tomorrow really depends on whether or not we see a .006 surge into the .30's! If we do not see it tomorrow yet we close green or (close to green) again, then the chances of this happening
On Wednesday are even higher! Many investors are watching and making very similar conclusions right now, making this week a big *BUY* week.
Comments appreciated ! Thank
You for reading
