THC formed a nice flag formation here, just finding some support and consolidating around 30.55. It has very strong money flow index. We think it will continue upward from here.
* Trade Criteria * Date First Found- May 7, 2018 Pattern/Why- Flag formation Entry Criteria- Current price (32.07) (Hit May 9, 2018) Exit Criteria- 1st Target $37.83 (Updated May 9, 2018), 2nd Target: Momentum Stop Loss Criteria- $30.46 (Updated May 9, 2018) Indicator Notes- Very strong twiggs money flow Special Note- Good valuation ratio (P/S: 0.18)
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