Wow 9.54%! We absolutely blew past any form of futile resistance that I thought may have held us up a bit, into the 0.5 Fibonacci re-trace zone, waiting for an almost guaranteed close tomorrow to confirm above 29.50. I'm moving the support lines up faster than I can buy. The bulls are in full force with no sign of a flag, and even though I've drawn some measly resistance that we could stagger at, the volume right now is just to massive for me to believe that we will be stopped dead at 31.00. Today closed with essentially no wick, so tomorrow, hopefully we can make it there and past. I haven't seen a breakout like this since "The Shawshank Redemption".
yup yup today was explosive. the whole sector is set up nicely. I used WEED as an index on how strong the bulls are. and today blew my mind steady 2 percent then boom next thing I notice trading at 28.. now almost 30.00. we should see a close to 31 open and see a rally to 32 and use you 30.88 resistance as daily support. I'm excited for tomorrow. and ACB should test 12.50 resistance tomorrow if all goes as planned!
BTCanadian
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@derekh42, Oh it's going to rally alright. As far as i'm concerned, anybody in the market right now that doesn't have the WEED/ACB/LEAF trifecta in their portfolio is a fool.
derekh42
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ohh yea can't wait... ACB Being the largest weed stock on the market, 44,000 patients, worldwide expansion. aurora sky 1/3 complete, literally nearly doubling the revenue every quarter, multiple stakes in every company possible to make them unbeatable. what kind of valuation do you think CMED will bring to ACB?
BTCanadian
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@derekh42, Well, they have the extraction technologies that Aurora didn't, and Cannabis used to produce the extractions will be more cost effective, due to the fact that Aurora has a lower cost per gram production cost than Aurora by $0.70. It is a win win. I don't think it will dilute the stock, unless of course they can't meet future demand of legalization.