Again, another rally off oversold stochastics with another gap (3-4th time) up since February high, only a break above 31.34 in 5 wave form with 3 wave corrections will prove this is something other than another countertrend rally. Near term 17.42 and 23.04 are resistance. On a larger scale there are 5 waves down from February high.
ydah
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Get ready for $10 tlry
BosTrader1
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@ydahman, just watched the interview Irwin did with yahoo. Told the host that they’re looking to issue more shares. If they bomb ER and they issue more shares we will see $6
snedapunk
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Hoping to see some year over year drop in sales, wider/ bigger losses then ever, and drop in price per gram tomorrow.
megustadinerow
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Do you think first to the bottom or more to the upside?
BosTrader1
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@megustadinerow, Hard to say.. Daily MACD is very bearish and death cross occurred between 50/200 EMA.. I could see a relief rally to $15.50 but too risky to get trapped. Would rather wait for gap to be filled. GL