WEED small gap down open today, pulling back on a significant increase in bear volume is certainly a concern for the bulls. The weak afternoon bounces certainly have me looking for possible bear-flag confirmation and to further downside; bulls must hold $62.02 and break above $65.05 to negate that flag potential. Key support for the bulls to maintain the daily...
ACB opened right at $12.00 price support from yesterday and broke it on open, and wasn't able to recover it later in the day. This is not game over for the bulls, as chart support remains at $11.44 but it's certainly a stronger pullback than the bulls had hoped for just 3 days after reaching new highs in reaction to earnings. IF there's any consolation for the...
APH was by far the weakest name in the sector today, breaking $18.57 support and signalling a major red flag for the bulls, putting the chart into a daily downtrend with a lower high and a lower low. $17.76 support broke as well, and the last level we have to play off of is the low of the oversold bounce $15.76. APH rejected on open from daily EMA4 & EMA8. The...
PHM Broke out from a C/H base with nice vol. This small cap on the Canadian Venture might be worth a look.
My stop loss got triggered on the last purchase, I may have jumped in a day early. This may still be early as there has been no confirmation of the trend reversal at this point, but the signs are getting better (longer lower shadow on the daily chart and trending up on the 15m chart). Stop loss was triggered early in the morning with the long red candle, but when...
APH is in a tightening pattern on the daily and the afternoon bounce today gave us an hourly lower high, and a new resistance to play off of, 19.88. Low of the day was 18.78, this level is important but the key support for me is 18.57. If we can break 19.88 and hold 18.57, that significantly shifts the odds that APH can break this daily tightening range...
My last published piece on ACB indicated the bulls were looking for a new base of support, and today it's become clear that line in the sand is $12.00. The day started with a higher open and a strong attempt to break $13, and profit taking starting a minute into the day. Bulls immediately fill the gap to the penny and tried to rally from there, but were unable...
Aphria is currently consolidating in the apex of a bull pennant. The drop in volume is in accordance to a consolidation phase. The rsi is hovering above the 50 level and slightly curling upwards. I suspect a break out to higher levels. The EOM is slightly above -.0005. As of recently , every time the EOM is in the -.0004 to -.0005 levels, a rebound ensues. The...
Still holding a small position from way back when. It sure does not look like it is bouncing anytime soon.
RNX could bounce tomorrow based on support/resistance and Fibonacci retracements. Share has soared following news of new possibilities of exploitation in Australia (just check the news). After being clearly overbought, it got seriously corrected. But I believe it is possible to catch a bounce and place a short-term long. Trade safe guys!
Solid consolidation after ABC correction followed by a spectacular breakout following the coca cola hype. Wouldnt be surprised to see this over 20$ in 1 month from now purely on momentum following fomo which is typical of any bubble
Tough to break a trendline when its overbought ...lets see how it pans out today. Not holding just observing
LONG - Next target potentially $14.00
I have been watching this daily for a reversal. Today due to what I saw on the 15m chart @ 1345-1500 (6 green candles) I decided to start a long position. Over the last couple of days the candles real bodies have been getting smaller, while the lower shadows have been fairly consistent. I'm thinking selling pressure is easing up, today's little bit longer lower...