Will it break the green retrace line at .382? Volume will tell how far, considering it broke the triangle in the negative. Judging by the momentum and 3 line EMA I don't believe it will correct past 10.15 due to the two previous test points indicated by the blue dotted line, but if it does, it will most likely just bounce off. We just came out of a huge head and...
It is looking it will consolidate for quite some time, however, they have just acquired the license for a facility in Aldergrove B.C. It will be interesting to see if it remains bearish during the primary phases of that operation. There's an indication it might retrace the .236 Fibonacci, where it intersects the upward trend line at this point, because support has...
We can see that it it has held support at the .382 fib line, hopefully it can hold. Do you think it will continue sideways or breakout after being squeezed into the triangle?
ACB flat-lined a bit as described in the post linked below. making a small consolidation and is now starting a retreat to a hopefully oversold price (maybe sub $7.00 hopefully).
I want to draw attention to the big head and shoulders pattern that has formed. If the price were to break under $5 Id be very worried for the long term outlook for this stock. That...
LEAF has been rebounding since it hit a low after all time high at 24% fib. Now its in the butterzone for another retrace, especially for how fast its gone up, will make for a good buying opportunity.
Short for now, pick up between 16 and 17$
WEED has been in a downfall since the bubble burst on pretty much every weed stock there is. Now it how made a consolidation pattern and is shortening its price range. In the coming days we will see where it breaks and what this will be able to tell us about possible future outcomes.
A lot of people think that bubbles are a bad thing. But they show that the...
What do you guys think?
I say it breaks out based off the increase in volume, and the fact that the Canadian markets haven't affected ADVT. Why? They're based in Newport Beach, California.
Here's some fluff:
globenewswire.com
Also my thoughts in general:
-ADVT looks like a solid company from the top down with expansion in mind, a 2018 projected exponential...
The overall markets are quite murky these days. With the VIX are very high levels, both bulls and bears need to watch the larger market indicators such as $SPX, $INDU and $TSX before considering risking capital in the markets. Whether long or short.
Assuming the downtrend continuing this week, here are some of the resistance levels based on previous highs and lows.
So were completing the correction waves here. Still making nice fib bounces with today's confirmation candle. It looks like were headed for the final bottom here shortly, within the next week id say. If this happens it will shake all the weak hands that bought around 12-14$ and well get a nice bounce at 24% or 32% fib are my two buying targets (7.4$ and 5.6% cad)....
As I mention in a lot of my posts, Fibonacci ratios are great for speculative and volatile markets. ACB doing the same things as WEED (more or less). From the top a retrace to 38% from the top (scary accurate) at $7.2 and looking to retrace the correction (second fib chart on the right) in correction waves anywhere around 38% (10.2) (reached already) and 62%...
Wow volatility is CRAZY!! making fib bounces within days. Not wasting any time hitting targets!
Target for WEED reached at 30$ retracing to 62% fib.
Now hopefully a short back down for the final correction wave from the ABC pattern
First target pickup is at 21 again, second is at 16$. Good luck and remember to take partial profits in case in keeps running...
This is a work-flow experiment. The details surrounding the indicators and metrics used to arrive at my conclusions will be discussed when my targets are met.
Cannabis Science, Inc. takes advantage of its unique understanding of metabolic processes to provide novel treatment approaches to a number of illnesses for which current treatments and understanding...
This is a work-flow experiment. The details surrounding the indicators and metrics used to arrive at my conclusions will be discussed if & when my targets are met. Some data factors used: trend lines, E.Waves, channels, fibs, MA, RSI etc.
Novus Acquisition & Development Corp. (NDEV), through its subsidiary WCIG Insurance, provides health insurance and related...
WEED bouncing perfectly off of 38% fib levels at 21$ instead of 50% (24$) like I had predicted last week. No matter, the profit margin could have been bigger but Im quite certain well see a recovery to $29.92 before another selloff before legalization.
Long then short around $30 region
These ratios seem to work extremely well in speculative and highly volatile markets as the price action is heavily influenced by psychological and impulsive decision making.
Its very possible that these ratios could play a huge factor given the current speculation of the market
I don't know why but I can't stop analysis cannabis coin..
Anyway this coin will rocket this days and 2018.... cannabis is legal.... this is my opinion...
