Shaun_H
Long

Golden Cross on XLY

TSXV:XLY   AUXLY CANNABIS GROUP INC
This setup has been a long time coming. The chart has been bullish ever since the Imperial Brands deal. The golden cross (of the 200MA/50MA) is a very strong indicator of bullishness. Given that this stock really didn't rally as much as it could have on the back of the IB deal, I expect this, plus any minor catalysts in the short term could send this stock on a run. Watching $1.00, $1.20 and $1.50 as targets.
Comment: So it turns out the prior gap filled. The golden cross on the 200 and 50 moving averages is still in effect. By that indicator this is still bullish, but of course there are broader market headwinds at play here. Waiting to see if the 50MA returns below the 200 or if it uses it as support.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out