Drawn out a few outcomes on this chart sym triangles can break either way its at the top of a run so it looks bullish to me but it also is coming up on the resistance marker of the previous run in October and has yet to make a higher high from that run.... so TECHNICALLY is bearish. either way heres a few trend lines and support/resistance markers for you all....
When this thing breaks, I would expect a massive move either way. What's it going to be heading towards summer ? Is Canopy primed for another leg up after this gigantic bull flag ? Or is it going back down ......what do you think ?
CGC has CGC has been dormant. it finally closed above 10 ema on the 4H. Let's see if it finds support there
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.
NASDAQ:CRON AS Cronos tries to get back to the ascending triangle, notice the money flow getting better. Although the volume has been almost non-existent. Watchlist**
It seems that from the time it reached ATH, it's been in a giant falling wedge. Even clearer on the monthly: Is this stock going to continue falling ? Or is this a good buy opportunity ? From what I know of this company, it's had it's fair share (pun intended) of drama. Insider selling, lawsuits threats, twitter arguments between the CEO Ben Ward and Equity...
The volume was quite impressive last week, smashing through the 8$ resistance and closing very strong above the pink trend line. What's interesting about this trend line is that you can extend it back 2 years when the price was under 1$ and it's been tested again and again, acting both as support and resistance. Next weeks we might see some follow through with...
(OTC:PHGRF) recently experienced a large sell off with the RSI moving into oversold territory. CMF has held steady during this price decline indicating that investors are not rushing for the exit during this pullback. As (OTC:PHGRF) reaches a support level in the mid .50s the RSI and CMF appear to be signaling a possible bounce from these oversold conditions.
Going to setup a trade using April $47.5 calls stop-limit $4.25 (tweezer top at $4.20 on the options) with a $1 stop. Risking $100 per contract. Upper targets low to mid $50 range. Only concern is that the gap from the last two days has no been filled, but let's see if the sellers jumping on at this resistance get squeezed up. Cheers!
ACB is looking good and is looking for a bounce
We know how fast weed stocks move when they hit proven support lines. One more trading day to prove 6.90-7.00 support will likely bring ACB >8.50 by 3/1. It's possible we'll see a little lag, but expected move should happen by 3/8. Peak-to-peak, ACB has averaged 10%-20% leaps. 10% leap from previous peak of 8.34 brings us >9.00 ACB trading at 6.93 while posting this.
CRON retraced some of its move up and seemed to find support. Will be watching EMAs and MACD for confirmation. Any strong price action to the upside will have me looking for a move past $30. This setup is invalidated if we break below support at the .618 retracement.
Good luck with this parabola, what goes up must get back down. Hysterical movements are not organic, you wont be advised, ultimately there will be an 80% circa retracement move.
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