RISKY: Personally, I wouldnt touch weed stocks with a 10 foot pole, but alas
The lines are some decent specific levels to enter or exit at, should front run a tad.
The boxes around the levels represent entry/exit zones where anything is suitable if the levels themselves arent used.
Two trade setups within, shorter term and slighter longer timeframe.
The yellow box/levels signify a short term trade entry range. The orange dotted line represents the stoploss to any entry in this yellow range.
The green box/levels signify a slightly longer term trade entry. If price moves below the yellow zone this would be the entry targets. With a red dotted line representing the stop loss relative to these entries.
Entry in the yellow zone could also use the red dotted line as a stoploss if you can swing a riskier stop loss on entry.
Profit Targets are hard on a volatile stocks like weed ones. Due to the risky volatile nature profits should be taken when the opportunity arrises but it does have a lot of upside that cant really be defined, depends on how hyped they get.
Yellow entry safe profit targets are near the all time high 9-12 range. Although it could go exponential if it breaks above that.
Entry at green, safe targets would be around $4. Mid risk targets around the 8-11 range. And high risk targets would be above all time high depending on how hype is making price rise.
The lines are some decent specific levels to enter or exit at, should front run a tad.
The boxes around the levels represent entry/exit zones where anything is suitable if the levels themselves arent used.
Two trade setups within, shorter term and slighter longer timeframe.
The yellow box/levels signify a short term trade entry range. The orange dotted line represents the stoploss to any entry in this yellow range.
The green box/levels signify a slightly longer term trade entry. If price moves below the yellow zone this would be the entry targets. With a red dotted line representing the stop loss relative to these entries.
Entry in the yellow zone could also use the red dotted line as a stoploss if you can swing a riskier stop loss on entry.
Profit Targets are hard on a volatile stocks like weed ones. Due to the risky volatile nature profits should be taken when the opportunity arrises but it does have a lot of upside that cant really be defined, depends on how hyped they get.
Yellow entry safe profit targets are near the all time high 9-12 range. Although it could go exponential if it breaks above that.
Entry at green, safe targets would be around $4. Mid risk targets around the 8-11 range. And high risk targets would be above all time high depending on how hype is making price rise.