Replies to post #50336 on Medical Marijuana Inc (MJNA)

[ospreyeye]

Technical Update:...Fast Sto @ 41.76.....came up from Oversold/below 20.....cross 50 & it's rally time...

ACCUM/DIST has turned up after heading sharply lower......yesterday was the reload......

Today is confirmation of the Bullish reversal......confirmation in the form of today's green candle.....

DMI(w/ADX) shows the Bulls have taken control........

MA(10) @ 0.12 is now resistance......break it & close above & MJNA will rally......

Middle BB/MA(20) @ 0.11.....Upper Bollinger Band @ 0.15.....

MJNA now trading in the Bullish Upper BB channel......very sweet.....

MJNA, as well as all stocks, rally in the Upper BB channel.....that's where the big moves are made.....

Just crossed into the Bull Zone today....need to close above MA(20).....if that happens MJNA should cont. to rally......

If MJNA closes ABOVE MA(10) @ 0.12 a rally to the Upper BB @ 0.15 should follow......

Look for serious resistance in the 0.16 range.....that's the double top level......

If MJNA can CLOSE above 0.16 that could lead to a breakout........

1st things 1st.......resistance must be broken......So far, so good today......

Today's candle @ present time is a white spinning top......a white Closing Marobuzo would be Bullish......$$$