CANNAINVESTOR Magazine May / June 2017 - Page 162


I think MCIG is very intriguing at these levels given what we can garner from the daily and weekly chart. As I noted on the daily chart, a volatile move can be expected in the near-term future. On the weekly we see multiple tests of support that has so far held up for the bulls. RSI is at a key level with last week’s candle showing indecision by traders of the stock. As long as the stock can hold the 20 cent area I think we will see a reversal to the upside.