Looks like this stock could see some follow through this week. First time in a while that it closed over this weekly trend line. I'll keep an eye out for follow through.
Just finished 5th wave , need to come down for a correction now. targrets posted
Solid Fundamentals are catching up to this Stock. Still not as well known as some of it's competitors and has a strong production capacity and quality product. Great to see it getting appreciated. Inverted HS forming on the Daily, I expect a rise to 6.50 USD
Market Cap 2.86B Enterprise Value 1.94B Price/Sales 484.27 I think it is getting a little too far ahead of itself at this point. The Cramer pump is suspicious, especially considering the timing. The reason I'm only adding 1/4th is because the momentum is still strong, and it could rally up to $20.00.
Waves might not be perfect but HEXO ( HYYDF ) is due for a pullback. Watch price go up on Wednesday and it will do so in 5 wave pattern. Looking hit $5.00. VERY RISKY trade but could pay off. Not looking to see a major upswing so be cautious. Not a trading advice, only analysis. RSI is oversold on Daily and Hourly charts so time for it to go up. Happy Trading!...
Nice setups on a few names heading into next week TGOD S: 3.16 R: 3.41 OGI S: 5.23 R: 5.65 HEXO: S: 5.65 R: 6.19 CRON: S: 7.70 R: 9.08
Dear Traders, For those who want to make a nice gain with a short position, you found your target! Hexo announced in the papers that there will be delays due to a lack of inventory. In other words = they have a shortage of product = Bearish News! Friday shows a red candle going through the 100 Moving Average (6.24C$) meaning support didn't hold, and the next...
Just learning the charts and trend lines.. Any comments and feedback on this would be nice
SL - Above Recent High Lets call it 9.16 TP $6
Dear Traders, As we've seen HEXO didn't manage to break out and create a run, which isn't a big deal because I only would have entered a trade if I had more confirmation such as Volume and Momentum. Instead, we got a retracement, which is about to reverse in my opinion. Have a look at the chart, as we can see we have a lower low price wise (RED ARROW) but in the...
Dear Traders, As we can see WEED managed to make a nice run, but as I said yesterday, better not enter because this is a time bomb. And guess what happened. It dropped, and in my opinion it's not ready to go up for some time. This bearish divergence happens when we have a new high, but RSI shows us a lower high. It's time for a big retracement people. Any...
Dear Traders, Bears were in control for a while but not anymore. Bulls managed to push this baby quite a bit and now it's time to see how powerful those bulls are. Is this stock going to pierce through the 200 ema ? RSI is overbought but this is normal which such a run, daily RSI looks sweet. Let's keep an eye on this one. If the bulls manage to break the 200...
Dear Traders, HEXO looks juicy. Volume and momentum is rising and this could bring HEXO to a new ATH !
HEXO is forming a daily equilibrium with a tightening range just under its all time high. Our current lower high appears to be set at 8.80 and the bulls are now looking to set a higher low above 7.71, currently a double bottom. I'm a big fan of this setup so close to our all time high because of the lack of overhead resistance at this level. We've now spent 15...
HEXO had a huge breakout on big bull volume late Friday, and only has three resistances from here - High of Friday 8.85, 8.95, and all time high 9.09. The day ended with the bulls trying to form an hourly bull flag. I'm personally looking for a backtest of either the daily breakout level 8.64, or the hourly level 8.55, which will be must hold levels if the...
Tomorrow, HEXO enters day 5 of the right range from 8.12 support and 8.63 resistance. Breaking this bearish will have us test supports of 7.71, daily MA20 and 6.76. Breaking bullish will have us test 9.09 all time high, and potentially break that. Volume on the break will be my key indication of power and momentum.