What for the right momentThis strategy is jumping the gun, but November of 2018 this stock will see enormous upward momentum.
MJNA trade ideas
Bullish move?Slow curve on MJNA. The idea will be broken if the curve loses it's form and price doesn't go parabolic.
Stop at low prices on this curve.
MJNA Pot stockSee what happens at resistance this week, expecting a retrace (where you need to go long).
If we push higher its an insta buy.
The entire sector has fallenThe entire Cannabis OTC sector seems to be in absolute peril the last few days.
I know many are cutting their losses and getting out, so forgive me for being a bit of a bag holder now and and buckling in for the storm.
I do not know how much further down this will go, nobody does. I've lost about $800 or so since opening today on this stock, but I'm still going to gamble here and hold this through Jan/Feb and reevaluate then.
I don't know why we're dumping across the sector this week, other than people bought the hype and sold the news.
Looking at MJNA's lifetime chart, some of the historic runups in price came Jan/Feb so I'm optimistic for the future of Cannabis as an investment. I don't think 2 days of straight dumps after legalization in some major states is representative of the sector as a whole long term.
Lets see. If you're holding with me, buckle up!
Do not forget- Trump will be good for Medical Marijuana!MJNA did not perform this week like I expected it to. Admittedly I was one of those guys who thought we'd see 40 or 50 cents by now, but I will still be holding my shares hoping that in the next few weeks we can see some major moves being made with the stock.
Something that I think a lot of people are forgetting on social media is that Trump will be GREAT for the Cannabis industry. Trump is in favor of medical marijuana and the states rights to vote for it.
The entire market is a mess today, so give MJNA some time. I wont be panic selling, even after taking a big loss today.
LS getting over the weekly Kumo SSB.The next weekly candle will be the confirmation or not of the bullish trend.
Price actually under 0.1373 that is a resistance for now
If price gets over 0.1373 then this would be a confirmation of bullish trend (on a weekly basis, so for investors that intend to get profits after some weeks)
MJ stocks: Long baby!!!Alright so I suggest going long on some volatile marijuana stocks because of the election for marijuana legalization for some states happening tomorrow. The probability is that it will be legalized. If the election for the legalization turns sour, it could be rough so trade with caution. Here is one very volatile marijuana stock for an example. Happy trading everyone!
One more buy...I had to make one more buy on MJNA today. I'm gambling big on this stock because as I mentioned in this post , I'm extremely optimistic as to how these stocks will perform after the election.
Entry points are now 0.04, 0.182, 0.1280.
Bring on the green rush!!!!
Stuck with a bagNot sure whats going on with MJNA that's causing these dramatic dumps.
Could simply be nothing more than pump and dumps intended to allow folks to get cheaper shares before next weeks potential explosiveness. Could also be something more at work behind the scenes within the company that we're not aware of.
Either way I'm weathering the storm. My entry points are 0.04 as well as 0.182, with unfortunately the majority of my shares purchased @ 0.182.
I'm in low spirits today, but I do hope next week will have something great in store for us today.
My estimated closing price for today is around 0.135
MJNA- BUY THIS DIPYesterday I said that we might see a bit of a dip after the massive gains that MJNA saw.
This mornings rally up to 0.27 and the consequential dip to what is now hovering around 0.16-0.18 could be an excellent entry point into this stock.
I hope I'm right that these are just either weak hands panic selling or folks talking profit. I don't think we go much lower.
I predict we'll close today between 0.17 and 0.19.
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!
Big expectation for $MJNANeeds a Pullback to $0.1 then next stop would be $0.14
Historical and Psyco Res. $0.1
Medical Marijuana - Dead Cat Bounce?MJNA schafft es die Tage den seit März 2014 dominierenden Abwärtstrend zu besiegen. Unter massiven Umsätzen wurde die Aktie von 0,0384$ auf bis zu 0.065$ geschossen. Verfolgt man den Chart, sind solche Momentum-Moves nichts Neues für diese volatile Aktie. Allerdings brachten diese kurzen Käufe nicht wirklich eine Trendwende mit sich. Der langfristige Chart ist nach wie vor neutral bis bärisch.
MJNA schließt bereits den 3. Tag ausserhalb der Bollinger Bänder was darauf schließen lässt, dass man eine kurzfristige Konolidierung erwarten kann, die sich optimalerweise bis zum 38er fibo-retracement bei 0.051$ erstrecken sollte. Darunter wird es für Longs immer gefährlicher.
Prozyklisch könnte versuchen das aktuell positive Momentum zu erwischen - allerdings erinnert mich dieser schnelle Move an einen hässlichen Dead Cat Bounce. Die Zone zwischen 0.05-0.065 erscheint mir neutral - es besteht hierin somit kein expliziter Handlungsbedarf.
Since March 2014 MJNA just knows one direction- downwards.
These days, MJNA could free itself from this bearish momentum. Under massive volume, MJNA attacked the sma 200 and crossed this longterm buying Trigger.
Since MJNA has crossed the SMA 200, the Price doubled within 4 trading sessions. At the Moment, the Situation seems very overbought. The stock closed three days out of the BB - thats anormal. I exspect a correction of this strong momentum move. Should MJNA trade below 0.0568$, the risk increases that we will see Prices round about 0.051$. Just trading sessions with clos Prices above 0.06 will srenghten this actual up-momentum.
The Zone between 0.051-0.06 seems to be neutral.
