Watching the WEED.TO range from low of Friday to high of today. Today's low bounced right off the golden pocket of the fib pull with swing low as the oversold bounce low, to the high of today. It will be interesting to see if that holds. I'll be remaining very patient as the next couple of days set a tightening range with new levels to play off of. The break...
WEED.TO finds itself back within an ascending channel, for the first time since losing it June 26th. Indicators on larger time frames are getting very extended as the price level tests the upper limit of the channel, and while the price is at all time highs and running on both hype and news, I do believe at least temporary consolidation is in the very near term...
APH I'm also watching a descending wedge pattern, I prefer this to ACBs as there haven't been any violations of the trend lines so far
ACB is forming a descending wedge on the daily & weekly. I prefer the second upper limit because it has more touches, and would consider the breakout a fakeout since the next day closed back within pattern. I'd also consider the lower trendline violation a fakeout as well for the same reason. This pattern should remain valid so long as 5.29 holds IMO
Previous support trendline from low of the February dump on WEED that formed the base of the ascending wedge in March 2018 became a new resistance at last all time high in June 2018. That trendline is being approached again on this current blue-sky breakout, and will be one I'll be watching as the days go on. This trendline looks even better on the weekly chart
No matter how fundamentally strong VFF Is and how solid their execution is , the overall volatility and psychology of the cannabis markets will effect share price. Personally I believe VFF to be very well positioned, in a strong position financially and their operational plans are on track for 2018 and 2019. Short term VFF is in for a tough battle up, overall...
Just an educated possibility of what I could see happening on WEED :) More of a tracking measure than anything, hope there may be some takeaway from this. Nailed the bottom followed by the top today(FEB26) through a MM method.
"We have executed and expanded the commitments we have made to our mental health (Multi Health Systems) and therapeutic partners (MedReleaf TSX: LEAF), entered new partnerships to expand our market verticals to include the pharmaceutical industry (Aequus TSX-V: AQS). Meanwhile, we have been preparing for our next set of trials of our new video games for assessment...