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Michael_Guldbech
Nov 25, 2019 7:07 PM

New up-trend for Supreme Cannabis( FIRE) Long

Description

Will we see a new up-trend here?
Buy entry at Support level 0.71 Cad.

Comment what you think
Comments
TrendsAreSexy
This one might be best to look at in the longer term. It's been following a some-what nice downward channel since March of this year, so if your trading in the very short-term I'd utilize this as entry and exit points with support/resistance verification. If you want to ensure you'll make money going long on this one, wait for a channel breakout with MACD crossover, hopefully with a low RSI.

I've copied a link to a screenshot I saved for the chart below, hopefully it works!

Barkworth
I haven't seen the broader chart, nor have I seen volume or other indicators. I would say that it is currently at support. It may break down and go lower, it could also try for 0.75 again. I wouldn't get in unless it makes a proper higher high. That would mean that it would have to break at least 0.83. But then it would probably struggle at 0.84 and 0.89. I would like to see it break upward with huge volume.
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