Welcome to today’s chart update which will be from the Canadian MJ sector – ACB – Aurora Cannabis Inc. This pot stock is testing a critical area; price may put in a new local higher low and or break the trend and negate the whole market structure…
Points to consider
- Potential Triple Top
- Price testing critical support zone
- Local support at...
Today’s chart will be on CHARLOTTES WEB HOLDINGS, a pot stock to keeps your eyes on!
Points to consider,
- Overall trend bullish
- Price respecting upwards trend line
- Bulls testing major resistance
- RSI respecting downwards trend line
- Stocks showing downwards momentum
- EMA’s providing price support but looks weak
- Very low volume...
CGC is currently in a very tight equilibrium pattern. Although these conditions are not ideal for active trades or anyone looking to trade short term, they are ideal for those of you whom are patient and are willing to wait for a break to enter a short/long position.
Equilibrium patterns are my favourite pattern to trade from upon breaking as there is generally...
It's now been three full trading day and Aphria still has yet to challenge head-on the allegations of a short seller who put together a compelling storyline. The only response so far has been to dismiss the claims, and this lack of response has seen the stock lose half its price in three days.
In this video I discuss where I see the short term action heading,...
Clear bear breaks today keep the bulls in full control of CGC and WEED in every timeframe. Currently in an area with a lack of support. A weak afternoon bounce leaves us in an hourly bear flag setup heading into tomorrow morning, bulls must hold the low of today tomorrow as a first step in negating that flag.
APHRIA is under a short attack, and down 40% in two days after credible allegations have come out about fraud, stealing investors money, and dilapidated international facilities. I have no way of knowing if these allegations are true or not, the truth is probably somewhere in the middle, but the video is very damning. The short seller took a flight overseas and...
APHA confirmed the daily bear flag, while the rest of the sector is still holding key support - but the bulls don't have my confidence it will hold.
APHA key levels first thing tomorrow is the low of today, and the high of the recent daily bounce.