News and fundamentals really not looking good atm, but possible bullish divergence?
normally a lot of bad funda happens when they want to decrease price with all energy they can. happened in Tesla and beyonf meat if you remember as well. technically has high chance to reverse to first fibo resistance. but funda can decrease it as well. this triangle is critical to decide. so can help you decide go short or long based on the reactions to it
Eeesh.. would be very cautious Did chart for a friend Would exit towards the top of the resistance channel
At bottom of both fibo channels. also retracement have way passed normalized situation.
Daily Chart is looking like a great long-term buy down here. Watching for a move over the daily 50sma and a continuation higher above $20. It's been a rough ride down since March of 2019, We trended all the way back down to 2017 support on the North American Cannabis Sector shown here -> charts.stocktwits.com I'm anticipating for this to hit $50 in the 5 years ...
Looks really good to me. Really fast moving stock. I wish crypto moved this fast!!! Im gonna short for 17%. God Speed Gents, Mr. Lucifer
Looks great for a long position. Not usually a Fib trader but it works out well for this trade. God Speed, Mr. Manbearpig
A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against HEXO Corp. - HEXO According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) HEXO's reported inventory was misstated as the Company was failing to write down or write off obsolete product that no longer...
HEXO Majorly Oversold. Pot Bubble POPPED. Bottom is sunken in. Weak hands shook. Time for the big daddy's to take a TURBO LONG. Buy when Blood is in the streets (and we are past a massacre) There is huge bullish divergence on RSI This is support zone KNOWN from WAY back. Sunken GAP that will be filled for T4 This will take few weeks to play out. Easy Money...
Looks like a fantastic opportunity. This is not a fundamentally driven trade but does have a fantastic RR and is positioned for a meaningful bounce on the market open. I dont usually trade stocks but because the cryptomarket is experiencing little to no volatility at this time it is a good idea to look into other asset classes in search of this volatility. Im...
read the other post
ill be the 1st to admit, the 1 of the E is not a super clean and convincing impulse, and there could be other counts. Ive been shorting since 4$ in and out and this count has been working for me B A utifully, do what ya feel.plenty of technical reasons to thing the 5 is in on this count...between here and 1.50 possible bounce MO...im still short.
Just looking through some MJ charts and this one stood out. Of course it depends on what the overall market does, but there are some nice signs here - double bottom, bullish divergence on daily rsi, holding onto a weekly trendline, close to an ADX cross etc. Had a nice green volume spike Friday, and I'd like to see what the retracement looks like. It's risky to...
HEXO may be going through a falling wedge pattern, which has the chance of reversing the trend to an upside. It's reached strong support from its long-term trend, and it looks bullish on the 3-day MACD after crossing back in September. Look for it to breakout above the resistance.
Hexo is currently in a channel and is being supported by the 100 EMA. If it breaks below support we will probably see lower Hexo prices, however if it moves to the top of the channel, $10.00 Hexo is in the cards! Let's see what happens.