MJNA- Poised for the moonMy first idea here on trading view is probably a controversial one.
I am long on MJNA with 2 entry points at 0.04 and 0.182 for a total of approx 6500 shares.
MJNA is a stock that is poised for success. Even if only for the next 15-20 days. 9 states have cannabis legalization/medicinal marijuana props on the ballot which is encouraging a lot of bullish behavior on these pot stocks.
I can easily see MJNA and other marijuana related stocks continuing to rally both pre/post election. More states legalizing recreational use/medicinal use can only be good for these pot stocks.
Apart from the marijuana related props on the ballots, the presidential race could also affect these stocks. Clinton is someone who has mentioned that she would consider rescheduling marijuana, thus enabling further research into its medicinal properties. Whether she does this or not during her presidency however, is another story. A Trump victory would probably not effect the stock much in either direction.
Tomorrow (11/3/16) I forsee a bit of a dip after today's massive gains. That could be an excellent entry point into this stock if you're looking to add a pot stock to your portfolio.
Long term (1-10 years) I see nothing but success for Marijuana related stocks as legalization continues to gain momentum across the country and medicinal use continues to gain traction.
Short term (1-10 days) I think we could see 0.50 a share.
It's a gamble, but I'm hoping it will pay off!
