Glass House Brands Inc - $GLASF Chart Analysis
SPARK IT UP OR LET IT SIT?
Glass House Brands for the most part, has sustained relatively higher stock price action compared to their competition buds. Is this a paranoia high?
What appears to be just warping up a hyper extension of a triple combo, this cannabis ticker is putting up a good fight with sellers, but shorts seem to have been made victorious as the 3rd wave is rolling downward, maybe catching some investors in another bull trap around $4.10 - $3.85 before selling down towards $2.85 for a cycle correction, tapping in the 4/5 wave.
Not going to lie, this one was one of the trickiest charts in the cannabis sector. I won't apply any of my tinfoil theories, but this one definitely acts different. I will be watching this ticker on all pivots to see if this analysis is right. Disclaimer: This is my 3rd chart attempt mapping out the interest points and although each contain slightly different price plots, the wave action is similar too, but this one I favor most, but could wrong.
Glass House Brands for the most part, has sustained relatively higher stock price action compared to their competition buds. Is this a paranoia high?
What appears to be just warping up a hyper extension of a triple combo, this cannabis ticker is putting up a good fight with sellers, but shorts seem to have been made victorious as the 3rd wave is rolling downward, maybe catching some investors in another bull trap around $4.10 - $3.85 before selling down towards $2.85 for a cycle correction, tapping in the 4/5 wave.
Not going to lie, this one was one of the trickiest charts in the cannabis sector. I won't apply any of my tinfoil theories, but this one definitely acts different. I will be watching this ticker on all pivots to see if this analysis is right. Disclaimer: This is my 3rd chart attempt mapping out the interest points and although each contain slightly different price plots, the wave action is similar too, but this one I favor most, but could wrong.
Comment:
This seemed to work out pretty well... I only suspect the correction here will only $3.50-ish (maybe kissing $3.80) before primary cycle continues south
