SPARK IT UP OR LET IT SIT?
Columbia Care Inc, following the overall cannabis sector, has been displaying 'Reggie Miller type highs' leaving investors wondering if they will get a playoff buzz.
On the weekly chart, $CCHWF has been hotboxing inside a running-flat, but on a daily it appears as a reverse symmetrical triangle, will it pop out fresh or need a weed nap?
Just breaking out of the Running-Flat extension, via 3rd-4th wave, I would expect the MACD divergence to correct itself on the way down before the cycle correction
I see hardly any volume under the $2.45 area of support and assume it will drop below that until $1.80, there we could see if a cycle correction is possible, but be weary as last time this cannabis ticker was in that zone, some may have panic and sold pushing price action down to $.70's, which could happen again, giving the weight of recent volume that this weak support as to hold up.
As for me, I don't think I'll be hitting this joint anytime soon, but will keep an eye out mid/end of May for possible swing.
Columbia Care Inc, following the overall cannabis sector, has been displaying 'Reggie Miller type highs' leaving investors wondering if they will get a playoff buzz.
On the weekly chart, $CCHWF has been hotboxing inside a running-flat, but on a daily it appears as a reverse symmetrical triangle, will it pop out fresh or need a weed nap?
Just breaking out of the Running-Flat extension, via 3rd-4th wave, I would expect the MACD divergence to correct itself on the way down before the cycle correction
I see hardly any volume under the $2.45 area of support and assume it will drop below that until $1.80, there we could see if a cycle correction is possible, but be weary as last time this cannabis ticker was in that zone, some may have panic and sold pushing price action down to $.70's, which could happen again, giving the weight of recent volume that this weak support as to hold up.
As for me, I don't think I'll be hitting this joint anytime soon, but will keep an eye out mid/end of May for possible swing.
