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@Zand34 MMJ :confused: bad overnight-er/ over analysed, bad...

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specgoldbug

13,113 Posts.

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30/03/17

11:26

Post #: 23734410
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Originally posted by specgoldbug ↑

Indeed. The mmj chart could make a fantastic case study like it was last time when we got a few short tips.

Traders would have indeed crapped themselves on the daily candle that was developing and that would have caused a sell off, which it did.

However other indicators like 5 mins o/sold rsi, stoking signs of macd turn, flag type structure in place, and sitting on potential support level...was it an Insto play to flush traders?

From an FA perspective there is more big news on the way and cash balance bolstered by options conversion and pending harvest one listing. A raise not likely yet and would be a lot more astute if done at a support of 8c...

Tommorrow will be very interesting. If it breaks that 5 min flag we could see some big buys coming in again. If we break down it won't look nice.

I'd like to think by the way I have seen this one play from the get go, the big wig market makers have shareholders backs at this critical moment.

But to be perfectly honest- holding this one overnight for me was a calculated punt...and I use the word punt as its not clever trading.

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@Zand34 MMJ bad overnight-er/ over analysed, bad punt, not clever trading
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