Okay so this is uncharted territory for me. The pot-head market seems very bearish but it has gone through its fair share of market cycles. Prices might just edge a bit higher in order for them to test the upper channel resistance, but i would advise traders to open a short position at the break of the short-term bullish trendline which i drew in the descending channel.
Okay this is uncharted territory for me. But it looks like the marijuana market is in a large sell-off. I expect prices to go up a little and retrace downwards. A short position may be opened when the price breaks the bullish trendline in the descending channel.
This stock is pretty much looked at as the otc ETF for the marijuana sector.
Target based on the sector. The other targets I have mentioned are based on company financials and fundamentals
Medical Marijuana Inc. (OTC Pink Sheets; MJNA) is the first publicly held company vested in the cannabis and industrial hemp space in America. Through its...
Sessions' repeal of four Obama-era memorandums that affected RECREATIONAL scared a lot of frail investors which is a golden trade opportunity. MJNA's backbone is CBD-based, not recreational, not to mention holds other diversified holdings that will weather this nonsense idiotic political power play. Enjoy your free discount and 80% upside. Or enjoy holding this...
Price range is getting tighter and at this point breaking 0.20 will likely cause a breakout. Short-term, buy below 0.10, sell higher. Long-term, hold for 0.40 or more. We will be seeing important price movement towards end of 2018.
I think that Marijuana stocks are about to do their usual rise, the big returns are yet to come but this short term play on MJNA could be worthwhile. I think if you place a buy now in the .08-.09 range we can set up for profits in the .12-13 near mid-December. I'm looking for it to hit .40 cents after the new year.