chart is beautiful... its in early stage of a bullish flag pole formation breakout
Sentiment: Strong Buy
Actually if you read Q3 FS they were selling in the 5 cent range... They are raising capital as needed. No alarms
above .108 which is what you wanted to see if your long.
Look for a breakout to .125 on Monday morning for the follow thorugh.
Volumes were good. But lets get serious the stock trades on fundamentals
Support is .075 and resistance is .108 then .115 breakout if we close above .125 and hold. Then we need to close above .145 to test and break .162
Yup bottom at .073-.075. Glad i purchased more. And don't be jelous because I bought in before the big moves up :)! Enjoying accumulating this one
Will be adding here as the 100 and the 200 should hold there uptrend with all the positives. It at the 50 and isn't bouncing which surprises me. My guess is that people are worried about the federal governments decision about full legalization in the two states. But the uptrend will hold as the company continues to generate positive cashflows and has a lot of news to come out in the next 1-3 months. They would include the federal decision, the acquisition closing in Q4, sales agreements on CBD successfully harvested, rescheduling of Marijuana, implementation of sales distribution in Canada and Europe for Dixie X products, implementation of canchew and the trial feedback, further acquisitions possible with the amount of capital being received from LOC, banking rights if marijuana is in fact rescheduled and left alone legally in Colorado and Washington, new products to add to distribution channels, building new facilities or contracts to grow industrial hemp inside Colorado so they can increase margins on Dixie X products and have closer control, news of an auditor appointed, more distribution networks such as the one announced recently with The Darrimon Group selling at 20,000 distribution networks in California for its Dixie X products, and almost undoubtedly more positive media coverage.
So to not make a full bullish argument I'd like to name a few negatives.
The stock could infact have problems with federal government but I would stress that this is quite unlikely for three reasons 1) it would have happened already 2) people want there voting rights honored even if federal law prevails and would cause am uproar 3) The company is indeed trying to focus on CBD products. Nonetheless, in the past herbal medicine practices of all types have been shut down by the Feds but at no other time had there been so much support and such a huge cost with no success for the war on drugs. So if federally they decided not to go ahead with Colorado and Washingtons legislation and take a hard stance, MJNA would respect that and therefore the companies growth would be lowered.
Furthermore, they need to work through problems potentially before and after the audit which could also be costly from an accounting stand point. Other negatives would be bad reviews on CanChew, market melt down and the death of Tripp.
Actually you ask and claim rediculous information. I haven't seen you back a single thing you say and I've emberreased you time and time again. When will you learn key west. Your attempts do nothing to scare investors.
There is no way you can prove there was dilution. That fact is completely false because its impossible to know without full report.
Just wanted to clear up the facts And I know for a fact you won't repost with the link to this information because again its false and not able to be proven