Green Thumb Industries Inc - $GTBIF Chart Analysis
TAKE A HIT OR LET IT SIT?
On the weekly chart, $GTBIF has flexing big highs and 'Debbie Downer' lows, can the 420 spark enough buzz to get investors back high?
Correction ('ABC' / '12345' Interval Completes) - Now 4th-5th wave, expect divergence via MACD throughout until cycle completes.
With the POC around $9 (history), expect the Middle of May selling to continue into the summer. $13.50 looks like a good mid point, collecting itself before last selling with a final landing zone around $11.60 to a possible $10.50 to finally catch the volume before correction.
On the weekly chart, $GTBIF has flexing big highs and 'Debbie Downer' lows, can the 420 spark enough buzz to get investors back high?
Correction ('ABC' / '12345' Interval Completes) - Now 4th-5th wave, expect divergence via MACD throughout until cycle completes.
With the POC around $9 (history), expect the Middle of May selling to continue into the summer. $13.50 looks like a good mid point, collecting itself before last selling with a final landing zone around $11.60 to a possible $10.50 to finally catch the volume before correction.
Comment:
After today's price action, I believe we just hit 3rd wave of the primary cycle (not our 4th) -- this will move the PT closer to $6 before a final cycle correction opportunity. Giving the original summer to fall leg up, but then selling off until April '23.
