I'm anticipating based on volume that APHA will pull back from our key daily levels and look to set a daily higher low. EARLY PATTERN RECOGNITION watch for a daily cup & handle pattern here if consolidation is a brief bull flag on low volume
Possible Swing trade leading to support at $56. Small position.
Journal entry. Stop at 62 $80 loss.
I will wait to see how it responds to $56 if it bounces I'll change direction and go long if it fails add to my position
40 shares only if it passes support adding 100.
Testing smaller positions based on right sizing my trade against the average range from...
Double top at key resistance 8.00 if bulls are unable to break this, and break the low of today, I'll be watching to see if bulls buy that dip, a clue for early pattern recognition of a potential cup and handle on the daily timeframe
Congrats to the VFF bulls, but no FOMO entries up here! We're closing in on all time high for daily RSI levels and the bear volume this afternoon stands out as a red flag to me, especially given the much smaller bounce volume afterwards
CRON is likely to form a lower high soon and come back to test a new level above recent daily support at 25.00. Watch for a close below the hourly 12 EMA and a break of low of the previous day
After this most recent run, it looks like it might be forming another HS pattern ( bearish reversal) in the RSI like it did during its last run up. The pennant is a continuation pattern so the most likely breakout direction would be up, however it will depend a lot on the rest of the stock market.
My idea: short term bearish, medium to longer term possibly bullish
acb :9.23-9.27 is VPOC
this levels must hold for longs and we go to 9.70 OR ELSE 8.50 AND 8.90$ LEVELS ARE PREVIOUS vpoc's( volume point of control) meaning where most volume has been traded and longs were in command
then 9.76 target#1
10.19
10.26
11$ and above....
This pot stock is highly discounted not and maybe a worthwhile swing. That wic Nov 6th is an interesting signal of price action and sign of future trading volatility. Potstocks just might be the crypto of the stock world for trading not,NOT HODLing.
Massive capitulation candle. approx 90% retracement. and confluence on the Gann 1/4 Gann fan line suggests we should be looking for another entry point soon. I would not suggest entry until the 4hr or daily confirmation. Signals will be good after that
I like these cup and handle type formations where the handle forms just below the prior high. The handle breakout can usually cause enough of a push to eclipse the old high. A move above the old high then tends to attract more traders which can further add to the push.
The reward:risk on the trade is mediocre at 2:1. This is a second-chance entry based on a...
Watching 9.28 as a support level bulls are attempting to defend with multiple touches and bounces from this area. The daily chart is weaker than others in the sector
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