Trader's Logbook

A Shooting Star and a large red candlestick. Looks like a bad picture for MJC holders. The price today went coast to coast from above 38.2% Fibonacci Retracement level to below it, half way to 50% level. RSI (Relative Strength Index) is at 48 but with a SELL signal. Will MJC be able to recover soon? I think it will go back to its consolidation mode where it came from prior to Monday’s run.

Caveat!