Price at a pivotal location - could break down and look for support around sub 0.49
For some the first trend line break would be enough, with the volatility HMPQ has I like to look for second confirmation before entering. Positive news with sales on the website supposedly as well. Wait and see
EoY 2018 plus Canopy investment caused a fall out of long term range. An improvement in CGC (currently oversold) means a likely return to that range, which means a possible run to $240 by EoY 2020. Even if it doesn't recapture the previous trading range, it is at the bottom of this one. Expect a near term jump especially with CGC earnings coming up.
CGC is oversold and its sitting at strong $20 support. Heavily news driven, and as the sector leader, most likely to absorb the spike when it comes. If positive news comes near a strong earnings, likely to run to $35 near the 200 Day.
Are we going to see the next chapter in pot stock resurection soon? How patient are you?
Hello Traders! Today’s chart update will be on CRLBF – CRESCO LABS INC, potential trend reversal if local resistance is broken. Price is building up near resistance, is a break imminent? Points to consider, - Trend bearish, attempting a higher low - Support provided by the EMA’s - Local resistance being tested - Stochastics projected upwards - RSI respecting...
Hello Traders! Update on CGC – Canopy Growth Corporation, testing critical support in a potential falling wedge pattern that has a bullish divergence coming to fruition, will CGC have a relief rally from here? Points to consider - Trend Bearish with consecutive lower highs - Major structural support being tested - Resistance at .50 Fibonacci - EMA’s giving...
Finding support here on a large scale, First Target at weekly resistance, I think they will take it off schedule one or something will be the catalyst to get them flying again.
We are now near the bottom of the previous wave 4 of one lesser degree, and IMO it's about time for shorts that have rode this down to take their profits and flip long. I've updated my count and I now have A as a leading diagonal, and I have this whole correction as a standard ZigZag. Whatever we have here is in 3 waves, and this count seems to work, especially...
After the pot stuck bubble popped we've been stuck in some long complex correction most likely a WXY. If this counts correct we're nearing the end of this correction. It seems everytime ACB makes a major move it first forms bullish divergence on the 6 hour (2 or 3 touches ) I will be waiting for this divergence to form or if we break outta the downward trend line...
Hello Traders Today’s chart update will be on WEED – Canopy Growth Corporation – is the local top in and are we in an ABC correction? We are more probable to be in for an oversold bounce due to the over extension of indicators. Points to consider - Bear trend established on 240 time frame - Local resistance at $38 region - Local support at $25.50...
HEXO may be going through a falling wedge pattern, which has the chance of reversing the trend to an upside. It's reached strong support from its long-term trend, and it looks bullish on the 3-day MACD after crossing back in September. Look for it to breakout above the resistance.
. . . the Beginning of "The Searching of a NQNACE PotStocksBottom" . . .
KSHB has been one of just a fine few pot stock related names that has actually gone up. So what's the deal? The company’s stock price struggled throughout September, decreasing 60% on a massive drop during trading hours on September 26th. This was due to the company announcing a direct offering for shares at $1.75 per. This cannabis company is comprised of several...