yes slov, admittedly you may be correct.
Today MJNA was technically short-term oversold.
And was overdue for a technical bounce off of a support level, aka .27.
Today's pr was a nonevent, imo.
The price has been range bound for the past 3 weeks between .32 and .27.
Now it is the middle. And that's all.
back in today @ .30.
W00t! i save 1/2 cent.
I think we just saw the bottom of this wave.
with the last pull back to .27
it must have been wishful thinking that it was going to .22.
adding to my position asap tomorrow.
just putting a limit out there at .31 premarket.
MJNA is a #$%$ to chase.
Well blueteam hope you are not related to blueballs or blueboy (whatever his name is) . Low volume means no one is selling because they want to see what happens in 2 weeks with 1st qtr numbers. When they are much higher then projected, it will go up. Did you do your research and see the 1st qrt numbers are due soon? Do you know feds are getting ready with legalization? All the states pushing for it??
Why would you sell now? Just because of low volume? Thats CRAZY!!
so last night i was playing around with an MJNA Elliott Wave count and it looks like this sub-cycle corrective wave should retrace a little more for a few days.
and that was that.
if i am wrong i can rebuy higher, which seems to happen with this one.
I am not good with EW theory and have to trade with the limited skill set i have.
still learning the craft....
cant stand watching the paint dry??? lol. Then why invest in a company like this? everyone should hold until some more news hits the wire concerning this industry... that's precisely why the volume is drying up.. No one really selling - No one is really buying until real government guidance is issued on the pot industry. Until then my guess is you will buy back in at the .40 - .50 cent range with half as many shares and say to yourself, "I should of been patient and let this thing unfold."
-Stay Rich My Friends
X said it well, but I'll add that when the catalyst happens, bidding whatever current price is will only leave non-holders empty-handed in the dust. Look at the rises on the chart -- how rapid the rises have been. The next rise will be big, and only profit-taking will slow it down. That correction afterward won't bring it back down to today's price, so buy.