Tag: MJNA

GRNH, HEMP, MJNA, CBIS, PHOT & Extended Watchlist

GreenGro Technologies, Inc. GRNH

After topping out at a high of .108 on Monday for gains of 731% over the low of .013 since we’ve been following it (Oct.16th), GRNH had a consolidation, and found support at the 20DMA (.036).

Yesterday, the stock made a significant rebound, pushing back to the six-cent range, showing itself as a classic case of ‘dip-and-rip’. We’ve seen a slough of nice gains out of this stock, and yesterday’s bounce shows just why we pay such close attention to the moving averages.

Moving forward, we’d like to see the 20DMA hold as support. Should it dip below that level, we’d need to see support hold at the 50DMA. On the flip side of the coin, we have resistance at Monday’s high of .108.


MJNA, HEMP, CBIS & PHOT

These are some of the other medical marijuana stocks to which we’ve been paying very close attention since Oct.16. After making great moves, like GRNH, these all saw a bit of a consolidation, and have now begun to heat up again. For this reason we will continue to monitor them carefully going forward, waiting for the right opportunities to present themselves.

Out of all these, it would appear PHOT has the ripest-looking chart:

We can see on the chart above, that the RSI is breaching into the power zone, and the stock is approaching a major resistance point at the 200DMA. A break past that point could mark the beginning of another major run for PHOT. The volume yesterday reached an all-time high as well. The PPO is pinching in for a cross, while the Slow STO crossed over and punched through the 50DMA.  With the way that these indicators are shaping up, we feel that PHOT is just about ready for another wild run.

____

Extended Watchlist:
RAYS, GRDO, HHSE, GMXS

Medical Marijuana Round-Up: Part Three

Medical Marijuana Round-Up: Part Three

Election Day has come and gone, and as we suspected, medical marijuana passed in certain states. While still against federal law, this was big step for the medical marijuana movement, and related stocks that we have reported on in the recent past. We were one of the first to the party in discussing the potential of these stocks as desicion 2012 drew near, and now of course, we see several other groups jumping on the bandwagon. Simply check out the dates on our previous reportsto see that this is, in fact, the case.The following is a list of medical marijuana plays that we’ve continuously monitored, and will continue to do so as we see how the successful push for legalization in some states affects their futures.

These are all stocks that have brought us sizable gains already, but with this new development, things could get really exciting as a result. We wouldn’t be surprised to see another wave of new interest in these and other related stocks.

____

Medical Marijuana, Inc. MJNA

____

Hemp, Inc. HEMP

____

GreenGro Technologies, Inc. GRNH

____

Cannabis Science, Inc. CBIS

____Here are several more related plays that we’ve dug up to give you as much of a variety as possible.

 ERBB, FSPM, GTLA,MDBX, MWIP, PARS, PHOT, RFMK, RIGH, SFIO, SRER, TRTC

____Extended Watchlist:
STLK, CGRA, ACGX, VLNX, CGUD

Medical Marijuana Round-Up: Part Two

Medical Marijuana Round-Up: Part Two

After the success of many of the stocks included with our first focus on medical marjuana plays back on October 16th, we thought we’d revisit this currently hot market sector. Our report yielded cumulative gains of 885% as we are about to outline in today’s follow-up. With the presidential elections drawing near, the hemp and medical marijuana industries have become more of a focal point than in the past, partly as a result of the question of legalization being at issue in several states. In addition, more and more investors are realizing that the road is indeed headed toward positive future growth for related industries.____

Medical Marijuana, Inc. MJNA

MJNA is one of the med. marijuana plays that has treated us unbelievably well since we first began monitoring its activity in early August. As you can see on the three month chart below, the overall trend has been a steady increase to the tune of more than 400% profit!

____

Hemp, Inc. HEMP

Since October 16th, HEMP was as low as .027, and subsequently hit a high of .09. Another big winner that provided us with some sweet gains, in this case, on the order of 233%

Now that the stock is consolidating off of that epic run, we are watching closely for any potential bounce-play opportunities.

____

GreenGro Technologies, Inc. GRNH

GRNH made its own run following the report on the 16th from .013 to a high of .045. Another whopping gain which equates to 246%, rounding out a trio of absolutely huge gainers afforded us by our first medical marijuana round-up report.

____

Cannabis Science, Inc. CBIS

We mentioned the plays from the round-up report that had some real success, and while CBIS did not appear in that particular report, we have been watching and talking about it for quite some time. After having observed a low of .0305 in late August, we watched it proceed to bounce around nicely, making higher highs and lows on it’s way up to a key level of resistance at .0573 that it has been testing of late.

We’re really looking at this stock for any opportunities that may present themselves, as it recently broke through both its 20 and 100DMA’s. We’d like to see it hold above those levels.

The RSI is beginning to rise, pointing North toward the powerzone, while the Slow STO and PPO have both crossed, and are diverging. In addition we can see that the blue bars on the histogram have flipped up to the bullish side, so as it would seem, many indicators are suggesting that we keep CBIS on watch.

____

Even More Med. Marijuana Stocks to Watch: CLMP, ERBB, MWIP

____

Extended Watchlist:
STLK, AZFL, CGRA, EGCT