Replies to post #1800 on $$$Ospreyeye: Charts, Technical Analysis & Japanes

[ddm1082]

What a sector hahah. My question to Ospreye on MJNA...

If a double bottom formed at .25 here, is it in too short a time period to have any significance?

Does the fact that the middle (W) peak was the double .50 top lessen the significance as well?

[ospreyeye]

MJNA: closed right below MA(20)/ Middle BB......not a coincidence......this is the key level for MJNA and all MMJ stocks.....

watch the middle Bollinger Band like an OSPREY........if support holds it could be safe to go long & if support breaks do not touch.......wait for the next moving average.....

if the MMJ plays trade below MA(20) the trend will have changed from Bullish to bearish......very important for the entire sector that the Middle BB holds.....

this is all anyone should watch now.......nothing matters, but holding that support.....it's do or die for MJNA......I'm looking for a bounce.....we'll see......$$$