I lost a lot of money on this stock. I think it maybe looking like a inverted head and shoulder pattern. It has huge volume around that black line(month support) Grey week and blue day..... I think i will go in on this trade.
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Also this made a higher high on the week.... Lets hope i am wright......
saw the same setup, have not entered yet due to missing volume, still waiting for another drop further down to support (even though 4h Chart looks bullish)
cpena101
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MACD is going down on 1W
CJS04
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Weed stocks are starting to look attractive. There will be plenty of upside with patience. They may have another leg down with the market but ultimately they will make a comeback if even for just a lower high. It all depends what your timeframe is.
Bart10000
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@CJS04, on the week it made a higher high.... Think the WEED would boom as well.... But i was in at 11 pulled the plug at 7 my sl was not right and i did not follow rules so i took a nice hiding.... but still looking for a long entry... I think that entry is at 7