Looking at the chart for V.FAF it appears as though things can only go up from here? There's some speculation around Fire & Flower being acquired by Aleafia. Interesting enough, Certain directors and officers of Emblem have interests in Fire & Flower. In particular, Harvey Shapiro, a director and the Chairman of the Company, is also a director of Fire &...
The high 2 micro double bottom bull flag has triggered from last week. The bears were unable to fill the $10 bull gap. Bulls likely to get second leg up from strong bull rally. They want a measured move up based on the spike or a leg 1 = leg 2 measured move. Prices will likely soon enter a bull channel. The bears need to generate strong selling pressure...
Bull breakout this week, second leg up; risky place to initiate longs (high risk, low probability). Bears trying for micro double top and double top bear flag with July 25 swing high, and parabolic wedge. If bears get strong close on low today, prices will likely test the bull gap from May 10th. The bulls need to generate strong follow through above 8500. ...
Lesson 4 Know what you want in the market Contrary to what most believe, successful traders do not actually trade constantly. Attempting to trade constantly leads to increased commission costs, random trading, and compound mistakes. In fact, successful traders spend most of their time doing absolutely nothing! How long does it take to enter an order? A...
On my chart I have support at roughly 66c & the next resistance at 75c & 86c. Any material news will break Tinley flush out of this Ascending Triangle into a zone with very little if any resistance until $1.13 CAD. Time will tell per usual.
ACB closed below the green trend line on the daily. Target 1 $7.68 Target 2 $7.31 Target 2 $7.20 Target 4 $6.32 Cannabis is an emerging market and while it will be quite big in the future, I wouldn't expect cannabis stocks to necessarily reflect that growth. Case in point. I live in Colorado, which is arguably the Amsterdam of the US, when it comes to...
TLRY formed a parabolic wedge bull flag which triggered last week. So far it is failing and testing the bull breakout gap around $40. The bulls will likely try to form a second entry for the wedge bull flag within the next few weeks. If instead the sell off continues, prices will likely test the tight trading range of the open around $20 and from there enter a...
CGC has formed a failed bull breakout and small final flag reversal (failed breakout of tight trading range). It also tested the middle of the tight trading range from the previous all time high which was a target. However this is the first reversal attempt since the January rally and the selling pressure wasnt that strong. The bears need strong follow through...
The Bulls are getting trend resumption after testing the EMA and filling the buy climax gap at $150. Prices will likely reach a new all time high soon. There are signs of profit taking around the new all time high (sideways for past 8 weeks). A reversal down soon could become a second entry for the larger wedge reversal. If there is another buy climax prices...
TLRY formed a parabolic wedge bull flag last week which triggered this week and will potentially lead to bull trend resumption. The bears appear to be exiting on a test of the previous weeks bear close but the bulls will need follow through over the next few weeks. If prices continue to sell off the bears will likely test the bull breakout gap around $32 and $27.
KSHB is in a bull flag trading range and larger trading range after making a measured move up based on the height of the opening range. Bears need a strong breakout below the $4 low, where the bulls will probably buy again. If the bears get a breakout below prices will likely test the $3 start of the bull spike or the tight trading range around $2.
The EURUSD (weekly) reversed down from a failed bull reversal this week. There are bull gaps below which are being tested. The bulls will try to form a nested wedge bull flag reversal for a large second leg up soon. If it fails, prices will likely test the low of the previous range around 1.044. The bulls need to keep atleast the breakout gap around 1.080...
Bear breakout in TSLA from failed double bottom pullback. Bulls could not even trigger the setup (last week). Bull gaps below likely to be tested around $225 and $200. TSLA was in a trending trading range bull trend, which is now evoloving into a large trading range. Until one side gets a strong breakout, prices will likely remain range bound within a larger...
CGC Bull breakout from high 2 / nested wedge bull flag at EMA. Prob second bull leg up from Dec rally, but selling pressure above around $52. Mostly sidways in a large trading range since July 18. Probably some profit taking here or new all time high.
CRON CRON reversed down from a parabolic wedge and tested below the 1/28 bull gap and the previous all time high. Bulls still have gaps open below and are currently trying to close the bar on its high for a high 2 buy setup off the EMA. But decent selling pressure over past few weeks, possible second leg down before bulls return.
ACB 4/26 Failed L2/ nested H2 /Breakout pullback test of all time high in ACB. So far this week is a small doji bar, and small range of previous few weeks. Bull gaps still below, if prices test below last weeks bull bar prices will likely test the EMA and below the 8.00 big bull bar gap.