Replies to post #72899 on Medical Marijuana Inc (MJNA)

[ospreyeye]

MJNA Chart.....Bearish Engulfing reversal pattern formed today......

1st level of support is MA(10) @ 0.217.......MA(10) has been major support the entire year.....

If MA(10) support breaks the next level of support will be MA(20) @ 0.172.......

Parabolic SAR is getting close to flipping to a Sell signal.....Fast Sto & RSI have pulled back from Overbought levels......

MACD has peaked & the histogram is starting to decline......0.50 resistance was tough to break.....

Looks like a pull back before the next leg up.......(a DOJI or white candle will set up the bounce when MJNA bottom's)......

On Bounce Radar.........$$$