Definitely on the long side with Cannabis stock OGI with a nice catalyst as tobacco giant takes 20% stake. Looking nice in the technical aspect of this as you can see, low volume on red days with PSAR dot shows sellers has dried up plus huge buyers with green volume.
What would be your target price to exit this trade?
denebr
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@Gc71, short term price target for me will be the farthest resistance at around $8.50, but it has to breakout at its 1st closest resistance initially at around $6.68. Though I believe the cannabis sector have more potential than that. Ultimately, if it breakouts the 1st two resistance, I will definitely look into holding this for long term and base my exits on the weekly timeframe. Hope this helps