Unfortunately, we didn't even close above the 0.5 re-trace, bouncing off the resistance pretty hard. Generally, closing with no shadow on a that big of a green candle would indicate an increase. There was definitely buyer volume coming in, although not quite as much as 02-05-2018, but we can see that the market opened with a giant shadow at the bottom of the...
3 nice little waves to retrace huge losses from earlier. Losses happened to fast so we get a nice retrace. trade from earlier netted 28%.
Position now closed as it should bounce off upper trend line and resume the down trend.
After completing a ABC correction from its All time High on the daily chart ...and having small rally from there...it looks like the whole market is heading towards at least another correction...
one the ABCDE, once price approaches or even breaches E I would go short on any pop...
TIme frame is hard to tell, but March is looking tough for the stock market as...
-Huge news for Tweed getting go ahead on 1.3 M sq ft greenhouses in BC
-Rec. stores in Manitoba
-Speculation of NASDAQ listing
-Increasing bullish volume on the daily chart
-Bullish MACD cross
-Could be a "laggard" to MJN??
-Currently holding WEED overnight and hoping for a significant gap up, causing RSI levels to get to extreme highs on the hourly and shorter...
Wow 9.54%! We absolutely blew past any form of futile resistance that I thought may have held us up a bit, into the 0.5 Fibonacci re-trace zone, waiting for an almost guaranteed close tomorrow to confirm above 29.50. I'm moving the support lines up faster than I can buy. The bulls are in full force with no sign of a flag, and even though I've drawn some measly...
There is still some seriously heavy resistance that we will have to face, considering it just barely cleared above the previous, with a long green wick although. I have moved the upward trend line to reflect the newly created likely support area, indicated by the green dashed line. If we can confirm a second retest above the current dashed red resistance line, the...
A few factors lead me to believe this stock might make a short term reversal.
First, RSI showing that bear strength is getting weaker. Additionally it seems to have formed a very short term double bottom (can be observed better in a short term timeline graph). On top of this price action could bounce off of 24% fib.
The trading range is decreasing as the wedge...
Just an educated possibility of what I could see happening on WEED :)
More of a tracking measure than anything, hope there may be some takeaway from this.
Nailed the bottom followed by the top today(FEB26) through a MM method.
It is looking it will consolidate for quite some time, however, they have just acquired the license for a facility in Aldergrove B.C. It will be interesting to see if it remains bearish during the primary phases of that operation. There's an indication it might retrace the .236 Fibonacci, where it intersects the upward trend line at this point, because support has...
Long term bullish pennant, short term consolidation. 2nd senate vote (reading) for bill c-45 is expected in march, 3rd vote in june. Watch volume in $Mj , the US weed etf. No volume in sector ever since end of january. Watch weed as well, the lead company.
The upper red lines have previously been resistances but now with upcoming legalization we could see the lower green line act as a support, especially since the upper red line has been broken.
After strong correction of Hempcoin, due to the postpone of hardfork date, it stayed on uptrend though. I see more heights closer to the date of hardfork, because of that I'm buying at 2200-2400 price and hodling until hardfork, but be informed that BTC price is rising, so it may force alts to go down. Stochastic oscillator is bullish and price may correct a bit...
If hmmj closes below $18.15, I think it gap fills down to $16.94. If it closes above $19 , the upper trend line with volume. Then, it would be bullish. Legalization senate votes schedule - March and June. Follow the $MJ stock, there has been no volume since the markets sold off end of January. Need the US buyers to come back...
