TLRY has completed Primary Wave 2 and is now beginning Primary Wave 3. Analysis Method: Fibonacci + Wave Theory Primary Wave 1 & 2: Primary Wave 1: Primary Wave 1 (Rounded): Sub-Waves: Wave 1 - 350% Wave 2 - (25%) Wave 3 - 75% Wave 4 - (23%) Wave 5 - 208% Primary Wave 2: Primary Correction (Rounded): Wave A - (67%) Wave B - 82% Wave C -...
APHA has an hourly uptrend on watch to determine if we're going to see bounce continuation or healthy daily consolidation. Key levels S: 15.07 R: 16.17
Watching the ACB hourly uptrend, the loss of which will signal healthy daily consolidation is coming. A break of Thursday's high of 9.28 will have us looking for bounce continuation. Key levels: S: 8.84 R: 9.28
Decided to try something a little different today because I don't want to type up a bunch of analysis. I'm watching the range of Thursday to break to tell me if we're going to see bounce continuation of a healthy pullback to form a daily higher low, and then try to change the daily trend with a higher high. Key levels: S: 35.85 R: 38.28
Herb is the healing of a nation, alcohol is the destruction
Pot stocks can pump like there's no tomorrow. TRTC never had its big pump. I hear fundamentals are good. Sitting at long term support with a fantastic r/r.
The oversold bounce is starting to feel toppy with a bearish reversal candle on the daily and declining volume. The high of the day rejected from the 20MA and we're in an hourly equilibrium now to determine if we're going to see bounce continuation or set a higher low on the daily chart. I would also look towards Canopy for clues on how the sector leader...
The oversold bounce is starting to feel toppy with a bearish reversal candle on the daily and declining volume. The high of the day rejected from the 100MA and we're in an hourly equilibrium now to determine if we're going to see bounce continuation or set a higher low on the daily chart. I would also look towards Canopy for clues on how the sector leader...
The oversold bounce is starting to feel toppy with a bearish reversal candle on the daily and declining volume. The high of the day rejected from the 100MA and we're in an hourly equilibrium now to determine if we're going to see bounce continuation or set a higher low on the daily chart. Although we have some new levels from after hours, there was minimal...
$ICC order filled. See Chart for S/L, T/P.
Quick updates tonight. ACB had a big gap down and giant bounce in the first 30 minutes of trading, and remained in an hourly equilibrium for the remainder of the day. Bulls made an attempt at a new high of day in late afternoon but came 4c shy of resistance. The end of the day saw SPY with big bull move finishing up near the high of the day on the strength of...
Quick updates tonight. APH saw a 12% bounce from the low of the day today and after the first 30 minutes, gave a whole lot of nothing. Aphria may have enjoyed the largest bounce today, it remains positioned weaker than Canopy heading into tomorrow. We spent most of the day inside an hourly equilibrium that has yet to set a higher low compared to the low of...
Quick updates tonight. CGC saw a 10% bounce from the low of the day today and after the first 30 minutes, gave a whole lot of nothing. We spent the rest of the day inside an hourly equilibrium that we're waiting on the break of for either bounce continuation or on another leg down to potentially lower lows. The end of the day saw SPY with big bull move...
ACB continued its recent pattern of lower lows, dumping the whole day and closing down over 16% in one of the most stand-out bearish days this sector has seen. There is no doubt in my mind this weakness is in large part to the overall stock market dumping for the past four weeks, so be sure to keep an eye on the correlation to SPY. We've now given back 80% of...
APH followed Canopy Growth's lead breaking its 4hr equilibrium bearish, and shortly later confirmed the daily bear flag, dumping the rest of the day closing down over 17% in one of the most stand-out bearish days this sector has seen. There is no doubt in my mind this weakness is in large part to the overall stock market dumping for the past four weeks, so be...
CGC today broke its 4hr equilibrium bearish, and shortly later confirmed the daily bear flag, dumping the rest of the day closing down almost 15% in one of the most stand-out bearish days this sector has seen. There is no doubt in my mind this weakness is in large part to the overall stock market dumping for the past four weeks, so be sure to keep an eye on the...
APH is in a similar boat to Canopy right now, stuck inside a 4hr equilibrium. The range here is 18%, over twice as large as the range Canopy finds itself inside. We are seeing the MACD start to curl upwards for the first time in quite a while, and we are patiently waiting for our higher low to be set relative to 14.11. APH has also bounced off of the golden...
APH is also in a 4hr equilibrium, the break of which will give us clues to either further sell off or to the low of the dump being in. I'm looking at support of 14.11 and resistance of 17.33. Our lower high may be set at 16.77 but I'm not yet convinced by this. A break of 14.11 and we're looking down to 13.76. A break of resistance and we have a lack of...