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Hi Everyone & Welcome New Subscribers,
March ended with a ton of excitement, considering the days that MDCN (Medican Enterprises, Inc.) and LGBI (Cannabiz Mobile, Inc.) had again today, and the volume we’ve seen across sub-penny marijuana stocks over the past week trading off of their 52 week lows has been nothing short of amazing. We’ll look for this trend to continue, and will be watching MDCN again tomorrow after the stock closed up by more than 23% today; watch for a break of today’s high at .0258 to signal a breakout. LGBI was no slouch either, up nearly 100% at times today with record trading volume of more than 364 million shares exchanging hands, but closed closer to it’s low than high and will likely dip tomorrow.
OSLH (OSL Holdings, Inc.) was today’s new ‘marijuana mover’, up 253% at the close of .0053, and more than 300% at today’s high of .0074, supported by record trading volume of more than 88.5 million shares traded. A break of .0074 could send the stock testing .01 or higher, which is the breakout we would pay close attention to. Keep the stock on your watch list tomorrow.
MJMD (MediJane Holdings, Inc.) made for a nice swing trade early, which is why we put in on our watch list last evening, but remains on our watch as it was yesterday for a test of ideal support at it’s 50 day moving average near .005-.0055. Shares held above .01 today at the close, and may take another day or two to test lower. Keep it on your watch list.
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