7878max
Long

Possible MJ bounce coming in August

OTC:CANN   GENERAL CANNABIS CORP
120 0 5
Possible bounce play for MJ penny stocks. It may be time for gains in the MJ sector, but I feel it will be short lived. Plenty of possible profit still.

Clearing $2 is a good sign of strength. The 1st target is most likely and the 2nd target is questionable. If the 2nd target is a go then daily price needs to stay above the 10ema area and later ride up the 3ema.

I can see a type of Elliot 5 wave forming with this is idea. I'm not crazy about wave counts, but sometimes they show up.

Jeff Sessions has been seemingly under fire and rumors are surfacing of him leaving office. I don't think he'll get the boot or a Trump firing. This may be a case of buy the rumor sell the news.

We'll see...

Don't get caught up in the hype is this idea takes off.

Trade active: Still watching and nothing of interest. It's below the 10 EMA and volume is low.
Order cancelled: Don't think this will rally till the fall. Keep your eyes open when we get over the 50sma daily.
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