MJN Analysis as requested

3 day drop already so there is a high probability for a brief bounce back, unless there is some news. It could consolidate between 9-11 for awhile and then try for 13-14 again. This is hard to guess and one has to see what the industry is doing and what related stocks are doing as well. There is some congestion around 9-11 so it may hang around there if there is no news for the company and/or the stock. The next test for support is down to 4.6 whether it will drop down there remains to be seen. Disclosure: I do not own this stock.