happytree614

Ayr Wellness Inc -$AYRWF Chart Analysis

OTC:AYRWF   AYR WELLNESS INC
Take A Hit Or Let It Sit?

AYR Wellness seems to be following the overall cannabis index trend, but can this stock light up before the others?​

On the weekly chart, Ayr Wellness looks to be almost wrapping up the 5th wave, which I believe will start around $8.11 and possible catch a ground about $7.42 following a cycle correction early/mid May. The MACD has been displaying divergence across all of the 4th to 5th wave, it will be interesting to see if the correction brings a corrected MACD .

I am likely setting an alert around 7.60 to start watching this ticker and see if the impulse correction and bring a good swing play not. After a few of these cannabis charts, a mid May correction seems sector wide, for most US companies, so this (like most) should have a ' proceed with caution ' sign.
Comment: It was brought to my attention that this chart (like other platforms) are missing data from previous ticker change. I was directed to stock charts website and re-valued possible correction around $6.48 - $6.37
Comment: Semi-correction PT = $6.36? (lost data prior symbol change) -- $5.30 - $4.90 for possible floor and cycle corrections - $4.25 if that fails

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