Looks like a rebound to me!

Sweet strength and foundation building for Medmen. Trying to get in at 4.20
Hope you got in brother!
Curious on if you have thoughts on where this could go. I am having a hard time, typically I survive by trailing stop loss % but Fidelity doesn't support that feature on this security.
Evdog9000 kbrown84
@kbrown84, Hey! Honestly I'm in this for at least a few years, so I'm trying to just accumulate as cannabis spreads and goes into dips. I usually keep an eye on RSI divergence to determine when the end is near and I don't see any divergence yet. The downturn today seems like a healthy correction to the upward price movement, but watch out for when we go back above $6. If we go up over $6 and lose strength and volume, then I might take some winnings and wait for a new entry. The good news is it's pot, and we're just getting started.
I'm personally interested to see when the overall stock market turns into a bear market, and if cannabis forges its own path out of the rubble as people look for ways to cope.
kbrown84 Evdog9000
@Evdog9000, Thanks for the response! I can't read charts for the life of me yet, but we did have two bounces off 6.80 range today and I set a mental rule to sell if we broke below 6.80. I didn't sell and now we are down to 6.20. However, short term with q3 results coming and CNBC Mad Money tonight (or so I have been told) we should have some forward momentum tomorrow. I am not sure where to start taking profits on this one. But, it needs to happen for I do have some debt I need to eradicate. I would ideally like to take profits then start accumulating again on the dips as my financial situation improves.
Evdog9000 kbrown84
@kbrown84, I try not to watch those shows cause they tend to make me emotional and then I make quick, rash decisions. I think you're right to wait until the morning and see where the momentum is though. The RSI went down on that last peak above 7 which could indicate the end of the upward run. An associate of mine advised selling half or a portion, to keep some and use some. Just depends on your trading fees, cause I know I have to pay $5 each trade.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out