Something I just noticed about MJNA. It's been posting lower highs with OTC:MJNA each consecutive run, but the most recent run last year to .22 was a higher high. I'm thinking this run will go higher than .22 eventually, keeping in mind that it took 3 months from the beginning of the last move until its peak.
The price has moved slightly, but not the reaction I would expect. This type of news is huge for a penny stock in my opinion. Hoping this is the bottom.
investors.medicalmarijuanainc.com
OMG, this is finally happening folks. The house passed the marijuana banking bill, and the senate is now dem controlled. The act passed with 76% approval in the House. If the Senate can get the same level of support, this bill will pass whether the president wants it to or not. Who knows, the President may support this bill. I've been waiting a decade for this...
I see a big triangle here and the markets have been dipping for long enough for some good news. I think with the ties to soon coming legalization I believe we have a lot of room for growth.
Tomorrow is the peak of the symmetrical triangle for MJNA. If my charting is correct, something drastic will happen tomorrow. The chart suggests a move upward. We shall soon find out.
I do not normally do penny stocks but I might post 1 from time to time. HIGHLY DANGEROUS - EXTREMELY CAUTIOUS - NOT FINANCIAL ADVICE
I played MJNA a few times over the the past several years and was lucky enough to rode it up to .25 back in 2013. Educational chart post only.
The Content is for informational and educational purposes only. This is not in any way,...
Okay so this is uncharted territory for me. The pot-head market seems very bearish but it has gone through its fair share of market cycles. Prices might just edge a bit higher in order for them to test the upper channel resistance, but i would advise traders to open a short position at the break of the short-term bullish trendline which i drew in the descending channel.
Okay this is uncharted territory for me. But it looks like the marijuana market is in a large sell-off. I expect prices to go up a little and retrace downwards. A short position may be opened when the price breaks the bullish trendline in the descending channel.
Massive accumulation and algo price suppression. Subsidiary has exclusive access to a "key" government owned patent. Price target is $3500. Timeline for breakout is by next week.
Triangles within triangles with bull flags and a IHS on weekly chart. Massive consolidation and block accumulation. Looking for a big move from this one soon.
