Medical Marijuana Inc (PINK:MJNA) Hot List Update
Medical Marijuana Inc (PINK:MJNA), Trai Thien USA Inc (PINK:TRTH), ParaFin Corporation (PINK:PFNO), ARCHER ENTERTAINMENT (PINK:AEMC)
Medical Marijuana Inc (PINK:MJNA)
MJNA is a huge and growing success story, as Marijuana gains legalization in more states MJNA is in a good position to capitalize on the new markets.
After selling on the last run up we are on the sidelines waiting for another move, the stock is strong but we may need to see some more consolidation.
Currently the MACD is bullish since it is trading above its signal line.The MACD crossed above its signal line 26 period(s) ago. Since the MACD crossed its moving average, MEDICAL MARIJUAN’s price has increased 324.93% , and has ranged from a high of 0.500 to a low of 0.105.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
MJNA gapped up yesterday (bullish) on normal volume.
Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
MJNA is currently 475.2% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods.
There is a good possibility that volatility will decrease and prices will stabilize in the near term.
Our volume indicators reflect moderate flows of volume into MJNA (mildly bullish).
Our trend forecasting oscillators are currently bullish on MJNA and have had this outlook for the last 30 periods.
Our momentum oscillator is currently indicating that MJNA is currently in an overbought condition.
The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence so we still wait and perhaps get a better price.
Trai Thien USA Inc (PINK:TRTH)
TRTH is breaking out, it came on the Hot List at 7c and is going much higher, and has hit 30 but this one will see dollars.
Check out the financials etc on this one it is very impressive.
ParaFin Corporation (PINK:PFNO)
The ING thing will blow this one through the roof, make sure you are on board when it happens.
ARCHER ENTERTAINMENT (PINK:AEMC)
New Oil and Gas deal coming in here, not much stock around and close to a run
Buzz Technologies BZTG
Finalization of a huge merger on the horizon, great buying at the bid.
More News
Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
Member
Chinese Society of Economists
American Economic Society
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