Replies to post #192591 on Medical Marijuana Inc (MJNA)

[Beave]

I agree with knife. I would wager we close above or right around .048 today. I don't see us going much higher, nor do I see us going much below that. The last hour will tell the story, though, the "power hour" wildcard can be full of surprises, both pleasant and disheartening alike. A few sideways trading days at these levels should confirm/strengthen the support at .048 and would also be a healthy breather IMO. We just couldn't operate in a healthy way with the RSI in such an oversold territory like it was.

I would also watch the volume very closely in the coming days. Barring any upcoming PRs or good news, we most definitely will not see the high volume days we saw last week. Such days are necessary to head back north, as well as put any significant meaning to our recent golden cross. I do see it possible leveling out somewhere between 2 to 5 million higher than where we were at volume wise, which I count as positive progress for sure. Crazy past week or so of trading days but I say a significant step in the right direction when all is said and done.

[Fallingknife75]

When support at .048 failed it transitioned to a resistance level (although it doesn't appear strong), new support is .045, I expect it will be tested tomorrow.

All the best,

Knife

[MarginMan]

My entry is around .045 as well. Save some for me. Thanks for the posts again. Much appreciated. Gltu enjoy the profits. Go mjna