dburke44

Weekend Weed Stocks Write Up

TSXV:CRON   None
Looking at the Charts ACB and APH are in much worse Shape than WEED and Chron. WEED lost both its 50W and 100 day MA though. You are going to want to see it break 28 again and hold on the daily.

You could see WEED and Cron Recover and APH and ACB and APH fall. TBH i wont trade until i get a clear signal Monday. Overall sentiment is down but SPY seems to be holding. We held up well Friday vs the declining SPY but we could be playing catchup Monday Morning.

ACB (200 day support 6.25) APH (support $10.00)

WEED
Expect a battle between 27 and 28. Winner will send it back to 30 or down to 25

CRON
Sitting on support from Tuesday. Could see it retest 7 however I feel like it might be the strongest.

SPY looking ok right now and Monday morning will tell the tale if we need to still play catchup on Friday's late dump or if we are going to head back up with it.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.