The marijuana sector is blowing off some smoke after the latest toke up party. The sector is news fueled and volatile but has many buyers on the sidelines so I expect dips to continue being bought. I am a buyer of support levels and a seller of major spikes when we're clearly over extended.
Supports:
1) 13.83
2) 12.00-12.15
3) 11.13
Sell targets:
Over-extended rallies where daily RSI is 70+ and we're showing weakness on 1-4 hour timeframes.
Supports:
1) 13.83
2) 12.00-12.15
3) 11.13
Sell targets:
Over-extended rallies where daily RSI is 70+ and we're showing weakness on 1-4 hour timeframes.
Comment:
uh...yeah...moon.
Comment:
euphoric spike and quick flip down lets hope for a strong reversal and dip buying opportunity.
New Supports:
1) 19 (aggressive)
2) 17.5s (reasonable)
3) 15.75 (big gap fill)
4) 13.2s (bear dream zone)
New Supports:
1) 19 (aggressive)
2) 17.5s (reasonable)
3) 15.75 (big gap fill)
4) 13.2s (bear dream zone)