Ascend Wellness Holdings Inc is currently on a downtrend (duh), which just came out of an extension, starting end of February ('ABCDE').
Ascend Wellness (AAWH) is currently cashed for me and I don't think I will hit this joint for a while.
At time of prediction, the current stock price movement was in a running-flat extension and saw no point entering the trade. On March 10th, '22, the stock price was around $3.99, which dipped 5% next day, only to jump up 13% the next day $4.27 and then sold +12% the very next day. That's that type of hits I don't like.
Currently, I see this bear trend will continue to produce a lower lows for a while until we get around $3.30 (for a small possible correction) and if it doesn't hold true, the ticker will likely be sold for a bit longer, down towards $2.60 ($1.4 end game PT if all hell breaks loose).
I will set an alert around $2.90 (as it makes it's way down to my $2.60 target) to revisit this cannabis ticker and see if there is a correction that might light up new highs. (Written March 9th, some events may have past).