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The similarities I've highlighted here look better on WEED than on CGC because Jan 15th saw the TSX trade but not the US exchanges. That said I'm looking at similarities in the first oversold bounces following the last two all time highs at 35.88 in January and 36.55 in June. Subsequent those bounces we saw a tightening range playing out across more than a week ...
Like I mentioned in my earlier analysis, it seemed like the RSI needed to cool off a little before Ripple could make another move.
We had two days of consolidation now and created a nice bull pennant, which often results in continuation to the upside.
A Long trade would have a pretty good Risk/Reward ratio right now.
First target could be the next resistance level ...
Bullish Continuation Pattern
In this chart I wanna discuss about USDTRY and Borsa Istanbul, coz Borsa Istanbul and Turkish Lira have negative correlation.
As u can see that bullish pennant pattern perform at USDTRY, and this pattern already break up.
But you also can see that bullish confirmation resistance line still not break up at 6.15.
If bullish confirmation line break up with full ...
SPY saw a much higher open today after a bounce premarket. Bulls were unable to break the high of premarket in the first moments of trading, and after a hard battle finally gave up and dumped back towards yesterday's close. The bulls bought the dip in the afternoon and we're left with a daily inside bar, and a potential bear flag. Today's high rejected from the ...
I advise you wait for the "must exceed level". In previous examples ( ARN , DLT , MDA ) we see that pennant structure is promising
APH gave us a daily inside bar today as one could expect after such a volatile day yesterday. Our pattern is clearest on the 1hr chart as we see a tightening equilibrium. We have our lower high at 20.50 and the bulls are now searching for a higher low; a new base of support above 18.60. The daily chart is currently in a bull flag setup and to confirm the bulls ...
WEED has an inside bar on the daily and the daily chart is a little clearer here than it is for CGC but I still prefer the 4hr chart for the big picture. Our key support is 60.55 and key resistance is 64.99.
I'm very impressed how well the entire mj sector is holding up in the face of market weakness. That said...
For anybody looking at any stock keep an eye ...
CGC looks to have set its lower high in our 4ht equilibrium today at 48.34 but we haven't yet pulled back enough to make us confident. For me, the key resistance is still 49.88. Support in our pattern is 45.01.
I find the clearest picture here on the 4hr chart, as smaller timeframes are choppy and the daily chart is very unclear. I'm very impressed how well ...
wait for break
I'm neutral here.
It's likely to go up to level 325 when it goes beyond the 233 level.
Happy Thanksgiving! Just a quick update, only one ticker tonight.
CGC bulls regained the daily uptrend today with a bull break over 50.21. Ew now have a daily higher low and higher high shifting the momentum back to the bulls just one week out from legalization. The RSI is breaking out of it's descending wedge of resistance and following through on the hidden ...
A friend just asked me about NEPT so thought I would share that here too.
Watching a daily equilibrium here, Ideally the bulls need to hold 5.08 but were not convinced yet that's our daily higher low - 4.92 is the MUST HOLD level for the bulls. We've had a weak bounce so far on decreasing volume which doesn't give the bulls a lot of confidence. Our key range ...
EOS has been in a tight wedge/pennant ready to break in next couple days.
Fundamentally EOS should go up due to developers switching from ETH and increasing numbers of dapps and transactions.
However, the breakout will depend on the overall crypto market of BTC and ETH.
Alle seinen op groen...
ACB saw a gap up and profit taking, forming a daily lower high right within the range I was anticipating. The daily chart is going to break Friday, and if not Friday, then Monday by way of the American ticker ACBFF, making the break Tuesday when the Canadian market reopens after Thanksgiving. The daily printed a bearish dark cloud cover candle.
The key daily ...
it is a bear market, but have a upside potential..
entry : 6567
stoploss : 6543
takeprofit : 7040
let see how it plays..