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sleekscape

10/19/16 9:30 PM

#1586 RE: Hayrookie #1585

I'm not sure that CNAB will pull back at all.

If it does, I don't see it going below .65, it probably wouldn't go below .68

But I don't think CNAB will pull back.

I think CNAB gaps up to .77-.79 and then moves down to close the gap back to .75 and maybe back to .70-.73 before taking off towards $1

AMMJ may be shorted at the open in a last ditch effort to scare retail into selling so the MMs can cover their short positions -- there is already a double bottom at .76 but they may try to take it below there.

I am not predicting they will, but if .76 breaks, then they could take it down to .65-.68 before coming back very strongly.

I'm not sure what happens with AMMJ tomorrow after the open, but I do think it will be under strong buying pressure after it makes its low and will close strongly - if the MMs lose control of it or stop capping it and let it go, AMMJ should move towards $1

Good luck!