TradingView
vOidG
Aug 12, 2019 9:04 PM

HMMJ - End of descending channel ? Long

TSX:HMMJ1D
GLOBAL X MARIJUANA LIFE SCIENCES IN UNIT CL A CADTSX

Description

⋅
Looks like TSX:HMMJ is about to breakout of his descending channel but we still need more confirmation + daily close today looks really good (hammer).

Also, something I'm not familiar with enough, could this be an inverse H&S formation ?


Oh well, let's keep following this MARIJUANAAAAAA sector, a lot of promising stock at the moment.
Trend AnalysisChart PatternsTechnical IndicatorsvoidgHMMJDescending Channelhammercandle
Comments
Beazy92
⋅
Nice analysis I already had the downtrend and the hammer drawn but I think you are onto something with that inverted head and shoulders pattern!
vOidG
⋅
@Beazy92, Yeah, the only thing is, I'm not familiar enough with those type of pattern to trade them. I'll wait and see.
More