MMJ made-60% within 5 weeks. We are trading the second day below the EMA 200 - thats not really good!
At present the RSI could soon generate a buying Signal - he is still oversold.
But don`t Forget: We are in a classical falling-knife situation - there is still no bottom ahead...now it is important to recapture the EMA 200...above that Level we perhaps will see a countermove up to the 38,2 @ 0,49-0,52