Thank you for your continued interest. The outlook for tomorrow, continues to be bullish. Green = expected sp of 12.56 - 11.82. Could be as high at 13.06 ps in yellow. I do not expect a pull back tomorrow, however if an announcement is made that does not favor the industry the share price will likely retest 10.92 support. In accordance with the bullish recovery from the TSX as well as the favorable bull run for the day we can assume 12.56$ ps close with swings up to 13.46 per share (new short term highs tested). However, there is growing sentiment that consolidation is expected between the 4 hr charts ranges, leading us to believe the likely close will tighten between 12.56 - 11.82 per share. Included with the horizontal range of 10.93 to 12.56; we have our lateral range, where we expect a pull back on Monday (News dependent) If major news (only) is announced a continued bull run will ensue.
@AshYo, I'm thinking the run is over, volume not keeping up with bullish momentum. I recommend pulling out of the MJ space.
AshYo
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@isnarain, Sounds very true. Broke supoort and currently under support area meaning it will go down more... uncertainty rules here.
Martinbc
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youtu.be/GYgBXH3VWTc Earnings tuesday plus uplisting early october
All good news acording to midas report
isnarain
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It looks ugly
trader20120
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@isnarain on the 1 hr chart i see a double top forming. What are your thoughts on that?
isnarain
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@androtrade, 66.59 will not likely break. Double top would be unlikely. uptick would be highly likely, but not a double top.
trader20120
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@isnarain, i'm literally on the sidelines waiting to see if it will drop or go up. I have a short term position and a long term position. Long term positon i was in at 9. I got 10k on sidelines waiting to get in. Missed the the bottom this morning.
trader20120
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@isnarain, We struggled to break 12.2-12.25 range. I don't think 12.5 will happen today, i know your spot on with your projections but what's your opinion about 12.2-12.25 resistance?
isnarain
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@androtrade, To be honest, im not sure at the moment.