ACB has a key test of support first thing tomorrow, and there's a lack of support near by should the chart see a bear break
Here's what I'm watching for CGC and WEED. Bears are in control as key support is likely to be tested first thing. There's a lack of support for 25% in the event of a bear break.
Nice setups on a few names heading into next week TGOD S: 3.16 R: 3.41 OGI S: 5.23 R: 5.65 HEXO: S: 5.65 R: 6.19 CRON: S: 7.70 R: 9.08
APHA remains the weakest long term chart in the sector but some weird price actin Friday caught my attention
I have no interest in ACB this week but here are the levels
Watching CGC tightening pattern break for a solid dump or bounce. R: 34.85 S: 33.08
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. S: 11.86 R: 13.75
ACB is positioned weak with a potential daily bear flag. Key short term levels: S: 7.92 R: 8.93
CGC is up against a significant area of support including three price levels and the 200 day MA. Watching tomorrow for how this plays out. Key resistance for bounce continuation & bear flag negation is 32.99 Key support is 31.85
Big move today following a tweet buy President Trump that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break across the sector singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely...
Big move today following a tweet buy President Trump that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break across the sector singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely...
CGC saw a huge move on President Trump's tweet that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely watching for the hourly...
APHA has another inside bar on the daily. Watching key levels first thing tomorrow S: 15.11 R: 16.09
ACB gapped up over the key resistance and saw profit taking, fighting back throughout the day to climb to a new high of day. Levels I'm watching S: 9.07 R: 9.88
CGC had a nice little move after breaking the daily inside bar today. I'm looking for some profit taking tomorrow as the hourly chart needs a new support above 36.67 S: 36.37 R: 41.06, 42.43
APHA has an hourly uptrend on watch to determine if we're going to see bounce continuation or healthy daily consolidation. Key levels S: 15.07 R: 16.17
Watching the ACB hourly uptrend, the loss of which will signal healthy daily consolidation is coming. A break of Thursday's high of 9.28 will have us looking for bounce continuation. Key levels: S: 8.84 R: 9.28
Decided to try something a little different today because I don't want to type up a bunch of analysis. I'm watching the range of Thursday to break to tell me if we're going to see bounce continuation of a healthy pullback to form a daily higher low, and then try to change the daily trend with a higher high. Key levels: S: 35.85 R: 38.28