Here's my take...just based on charting a pop is in our future...macro news like a 420 vote by Canada to legalize rec and medical will send all MJ stocks flying and make the failed US "drug war" (read slave creation program for the military industrial complex) even more glaring as people in the USA are again reminded that prohibition does not work.
Note there is another little gap created between the 12th and 13th (just to the left of my ellipse)...you can se all the tails, but as you see today everytime they take it down there they get mobbed with buys...
Bounced off the bottom BBand (a very good sign) and almost hit its head on the 50DMA...Bbands are tightening...they may make another attempt at filling 72 - 75...and then we wait on news from Tew...
Will be exposing this one to 200K yoga heads over the weekend (yay she agreed) but I'd bet out of 200K only 2 to 4 k have a brokerage account and out of those maybe 500 would come play on the OTC as an added bonus there is another Instagram with 16K followers that is a medical MJ page...and they WILL be putting a couple "shout outs" not just for Citizen Toke but will mention the ticker...
Don't expect big things but every little bit helps...will post links when they do it...
Knowing that you took a position today was a major confidence boost for many of the $MJTK snowflakes who have lost hope. I found it very Bullish of you and slapped the ASK right through close.
MJTK trigger chart * Daily chart shows no confirmation,,,,,,yet. * One hour chart shows yesterday. I don't know about this, I never paid too much attention to one hour charts because I was more involved with low volume stocks. MJTK is high volume, high volatility and not great but passible liquidity. * Collinear values MOMO.... RSI, Stochastic and WM%R TREND... ADX/DMI, MACD and AROON VOLUME.. AccumDist and CMF
#1. AROON- 8 You watch as the AROON DOWN crosses the 75 down and the AROON UP comes up from zero. Most important. (\0/) #2. WILLIAMS%R- 9 You watch the line cross the 50. #3. CMF- 15 You will usually only see growth when the CMF is in the negative. #4. ADX/DMI-5 You watch as the D+ line either crosses the D-, or crosses above the 20. #5. MACD histogram- 5,15,10 You watch the negative bars register -50% smaller then the bar before it, or -50% smaller then the largest in the grouping. #6. Full Stoch- 5,5 You watch the fast line cross the slow line while the AROON DOWN(8) crosses the 87.50. Crossing the 20 would be best, when the Williams agrees. #7. Bollinger Band 20,2 You watch for the Magic Box to occur when the negative close touches above the lower bolly and the next day’s close to it is positive growth in a white candle. #8. RSI 5 you watch as the indicator crosses above the 50 for a quick pop.
THE MAGIC BOX A gift from The Seasonality Stock Reports Board The reason that I named this setup the Magic Box was so that you could relate to it and remember it faster. Without relationship to something, it is nothing to us. It must be something memorable to you before you can set it into your subconscious mind and see it always.
(A) The Magic Box is a pure two-day pattern. Basically the "close" of a red candle printing on or near lower Bollinger Band with the next day printing an "open white candle." (A1) On day one the Aroon Down is setting at 100 on the indicator and price is near the lower Bollinger Band. The Candlestick is dark-shadowed. (A2) On day two, to form the Magic Box, the Aroon Down must drop to 87.50, and price to form a white candle, to complete the box. No other indicator is watched until this occurs for this setup, just the Bollinger Band and the Aroon Down.
If you see a Magic Box develop, that being, on the first day the Aroon Down going from 100.00 while the close is either on or just above the lower Bollinger Band and the second day the Aroon Down is now 87.50, you have a Magic Box.
(B) The buy opportunity occurs when the confirmation of two things happens: on day three or few days later the Aroon Down goes to 75.00 and the Williams%R comes above the -50%. That is the buy. The Williams must come through the -50%. It may take more than three days but you must wait for the confirmation of the William%R. I have seen again and again, the Aroon Down come down from 100.00 to zero without the Williams ever crossing the -50%, those are the ones you pass on. There will be no growth when this happens. At most there is consolidation or a small drop. During this process the Aroon Up can rise slowly but without the Williams you have nothing.
There are other Magic Boxes that develop in a stock's life cycle, too, and they, too, can give great growth. These are the supported median, the floating, and the rising Magic Boxes. The buy-in criteria, though, will remain the same for all of them. The Aroon Down comes to the 75.00 and the Williams crosses the -50%. June 7th, 8th, and 9th accomplish this in the HGR chart, though the William%R took until June 13th to confirm. You must wait.
Trading: It is highly recommended that you paper trade the system to familiarize yourself with it thoroughly. As with anything in life nothing is guaranteed, so, always use appropriate stop loss according to your risk tolerance.
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