Another beautiful, long Falling Wedge on TLRY here since around March. After that huge run from TLRY, there was much selling and bearish divergence on the chart from being so overbought. The run up left many gaps in the chart and they needed to be filled before TLRY could even think of going for another run.
Bullish divergence seen on the RSI, RSI value is making...
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I mean look at this beauty.
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OGI - If you're looking for a low risk entry on the next potential leg up in MJ stocks, this has held for 3 months since entry and may want to leave this local range in the weeks ahead. Harmonic gave us the entry in Q2, now we wait a bit more it looks like.
First time in a long time that TLRY failed to close above its 200DMA. Despite this, it remains consistently trading around the 786 fib over the last few months. Without any fundamental catalyst, it really could depend on that industry at large. I think the whole MJ Bill was a buy the rumor/sell the news for what it's worth. Not a whole lot of range on the move...
It's always possible this pattern plays out bullishly as a bull flag, a directional shift in momentum will likely occur leading up to earnings or a sell-off afterward.
On September 1st GTII will report their next earnings, and the ending of this pattern is September 24th, Descending Triangles and Bullish Flags more often than not make a decisive move in one...
Acreage Holdings, Daily: Excellent example of a) bullish cypher maintaining the pattern completion zone, and b) bullish divergence for implied reversal here. Easy R:R with stop-loss below the prior range low. Upside profit levels have historical price action, and one could always save some shares beyond target 2 as a moon target in the double-digits. Not financial...
Verano Holdings, 2H: Implied reversal with the class A bullish divergence at the pattern completion zone of a Bartley (butterfly+Gartley) harmonic which retraced to the 0.886 Fibonacci. Easy stop-loss at local low manages risk since this is a recent IPO. Great fundamentals such as dispensary openings in IL + the potential supportive legislation in NY state provide...
It appears as though GRAMF is trading in a descending channel that shows minus the minor deviation where the price breached the support but quickly went back into the channel where I've placed the blue sideways finger.
On the DMI there has been a bullish twist where I've placed the green downward pointing finger.
On the KST there has also been a bullish cross...
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Every resistance breaks it no matter what happens. The last time one day before the earnigs reports hit the bearish...
Or, possibly this pattern plays out as a bullish flag.
The KST is displaying a bearish cross where I have placed the red downward pointing finger.
Keep an eye on the DMI in the upcoming trading days, if there's a bullish cross it would be very note-worthy for the bullish narrative. Something similar to what happened where I've placed the green fingers.
The...
GRWG 2HR CHART
Inv H&S forming on the higher time frames, nice down trend break and a retest of the downtrend breakout for a nice reversal to retest ATH
The chart is simple to read with RSI and stochastic both turning up. You can trade up to the blue line, even a day trade. Hold for break higher or reenter after line is broken, since there could be a pullback first or line may hold. For a longer hold I want to see moving averages cross up.
Risk is low because stops can be a certain price and/or a percentage of...
