Medical Marijuana Inc (MJNA)

[nopancakemix]

Manipulation and TA is Often the Same Thing
Technical indicators themselves manipulate people and computers to execute trades based on indicators.

I'm fairly new to penny stocks (except maybe for buying SIRI for .17) but from what I've seen as long as the volume is there, some technical indicators are there. This sounds like a fancy high dive but the February jump was a textbook parabolic rise, double top at .50 with 60%+/- fibonacci retracement, into a dead cat bounce and slow bleed out back to the fib number. Or at least thats how I saw it.

The double top was too obvious thats why I shorted. After looking over the charts, I came up with .18 being the major support because it was resistance before the parabolic jump. I bought another chunk at .18 before the SA hit piece is what dunked MJNA to .12.

I'll be holding until further notice