As shown, wave 2 has now pushed past the 61.8 and now headed towards the 78.6. As we know, wave 2's can retrace up to 100% of wave 1. Best option would be to DCA if you believe in the company. Will continue to track and provide updates. My view is the same as many others, that this sector will push nicely once some good news is published.
SPARK IT UP OR LET IT SIT? Glass House Brands for the most part, has sustained relatively higher stock price action compared to their competition buds. Is this a paranoia high? What appears to be just warping up a hyper extension of a triple combo, this cannabis ticker is putting up a good fight with sellers, but shorts seem to have been made victorious as the...
Surprisingly still correcting even after hitting the 61.8 for a wave 2. Expect this sector to run hard once sentiment changes. IIPR is another one we are interested in...
Acreage Holding (ACRHF) is currently selling through a huge running-flat that ended 1st week of May, we should see a little more selling while ending on a 5th wave south on a mini-cycle. Price target around .87 cents will start the semi-correction leading into more selling towards .68 cents which in likeliness will catch around .57 cents. Afterwards, another...
In the following chart you can see the dependence between the dollar index, the crypto market cap, and the oldest weed stock ETF Below them is the market cycles indicator which measures the overheating of the US economy. We can see that when the DXY is in fundamentally downtrend condition, the economy is in good fundamental condition and the indicator is...
Take a Hit or Let it Sit? On the weekly chart, Jushi Holdings Inc. (since the recent correction) as been taking some dirty bong rips as the price continues to sell down +45% from prior Feb. highs. The correction failing to new highs leads me to believe Jushi will follow suit and sell off to previous volume support. If we take the high and low of the correction...
TAKE A HIT OR LET IT SIT? Like most of the cannabis sector, the last couple days of the first week of May oversold than I expected, while hitting all my price targets, it happened faster than expected. Last Chart Analysis (March 26th, 2022): This will change my overall look and move the primary cycle 4th and 5th wave (as presented in new chart) The MACD...
TAKE A HIT OR LET IT SIT? $ARYWF With most of the cannabis price action this past week, this cannabis ticker also sold a little more than expected. This is also connected to TV not providing the chart data prior to the symbol change. So, along this chart analysis, I am running blind, but feel pretty good with this prediction with this timeframe now in align...
TAKE A HIT OR LET IT SIT My last chart analysis was meet with pivot targets confirmed, but with this last few days of trading made me go back to the chart and investigate. Thursday (May 4th) this cannabis ticker (like a couple other marijuana stocks) sold a little more than what I was expecting. This over sold zone would mean that my last 3rd to 4th...
TAKE A HIT OR LET IT SIT? Just about to pivot on the interval cycle via 3/4 wave, I would expect to see a small correction that might be usable for a long swing for $1 gain (or more), but will begin to sell and continue this downward trend through out the summer. Shaving another $3, I can see this cannabis ETF possible catching ground around $14.5 - $14. Hard...
At the start of the week I hit my weekly semi-cycle 3rd leg and on Tuesday, my interval daily cycle hit the 5th wave. I was looking for a semi-correction, but instead was surprised by Thursday (yesterday) price action sell even more. So, I went back to the drawing board and calculated some more data -- This might be way too early to call, but here we go. $15.13...
TAKE A HIT OR LET IT SIT? On the weekly chart, $GTBIF has flexing big highs and 'Debbie Downer' lows, can the 420 spark enough buzz to get investors back high? Correction ('ABC' / '12345' Interval Completes) - Now 4th-5th wave, expect divergence via MACD throughout until cycle completes. With the POC around $9 (history), expect the Middle of May selling to...
TAKE A HIT OR LET IT SIT? On the weekly chart, $TOKE has sold out of the alternative semi-correction which has lead the price action south to the 5th wave of the semi-cycle pivot. MACD divergence seems to be peaking through the weekly signals, applying towards the 4th-5th alternative correction timeframe and assume this divergence will continue displaying...
Take A Hit Or Let It Sit? AYR Wellness seems to be following the overall cannabis index trend, but can this stock light up before the others? On the weekly chart, Ayr Wellness looks to be almost wrapping up the 5th wave, which I believe will start around $8.11 and possible catch a ground about $7.42 following a cycle correction early/mid May. The MACD has been...
HIT IT OR LET IT SIT? AdvisorShares Pure Cannabis ETF (YOLO) on the weekly chart shows dirty bong rips leaving long investors mad their not getting the high they want. Not going lie, this chart made me scratch my head, until I brought the monthly candles and it started to make since as it appears who ever is shorting this ticker, must be working on a +T25...
TAKE A HIT OR LET IT SIT? Village Farms International Inc is on a mission to get you high, but are investors getting high on their own supply? -- Let's take a look at what they're smoking... On the weekly, $VFF looks like it's just completed it's primary 4th wave and on the last leg down on the 5th wave. Expect the MACD to start showing divergence as we near...
TAKE A HIT OR LET IT SIT? On the weekly, it appears POTX is just getting out of the interval correction, moving along into the 4-5 waves of the primary. The MACD started divergence right after the 5th of the interval, so I would expect this divergence to continue throughout the 5th wave of primary, hopefully making the correction easy to read. I believe we...
TAKE A HIT OR LET IT SIT? On the weekly, $MAPS appears to be smoking on the Bobby Brown and following suite via cannabis sector from Feb. '21, but can this ticker start puffing on big clouds to get some investors high on profits? - Soon, soon... As it sits right now, we are completing the 4th wave down. Turning into the 5th, I would expect to see some MACD...