MCOA Monthly TF pennant - primed for breakout in MJ season

MCOA, a star (or was it THE star?) of the 2016 MJ season with 5000% gains is painting a really beautiful pennant setup on the monthly with that 5000% gain as its flagpole. (Pennant TA says an upward breakout of pennant has a target equal to the flagpole height. Flagpole must be high volume and pennant must be declining volume. Breakout must be high volume.) Many folks discount TA on OTC and there's likely a lot of truth to that stance. However, the upcoming hemp legalization, CBD re- or descheduling, and lots of ballots and electioneering around legalization means that another MJ season is likely around the corner. The synergy between the technicals and hype cycle seem compelling. Finally, MCOA seems well positioned to take advantage of CBD rescheduling by the DEA at the end of September, given they offer a number of CBD-based products.