Like how CGC is Reacting to Markets Crazy violent moves it is doing fine consolidating holding support of 20 ema while it hasn't found the volume to breakthrough the shorter resistance and hold there is strong support and no one bailing no mater what traders are doing i feel it should do well into earnings. as far as earnings they will not be looking so much at numbers as to forecast and i think Klien is making all the smart moves this is not being ran by stoners there is a serious numbers man in charge but i don't bet solely on numbers and balance sheets i was a fan of Blackstone in the low 20's several years ago when know one was interested Steve has Proven everyone wrong and so will Dave. watch the BBTighten if i where to trade Bollinger Band line, in the past upon heavy volume the 15min chart showed great entry right before it crossed on heavy volume usually made tremendous move...
Trade active:
looking good volume came in Friday hoping for a good Monday break of 16 would be nice...
Trade active:
squeeze setup at 16
Trade closed: target reached:
bb Bands didn't disappoint. great move today expect it to continue into earnings..still far from 200ema room to run