MRMD trade ideas
MRMD POTENTIALS...LOOKS GRIMINITIAL THOUGHTS:
The outlined potential H&S is JUST a potential, still needs a lot more confirmation to suggest this entire pattern playing out. However, due to its meteoric rise, and extended 5th wave nature - this correction will likely be much longer and drawn out then ending now.
WE need more action in price in order to confirm or eliminate this potential pathway. But as mentioned above the extended 5th wave tends to have deep corrections re-tracing all the way down to previous wave 4 support...so if this price doesn't hold, it can even retrace down to wave 2.
Double Bottom!12-13-18 and 12-24-18 each formed a low @ 2.35, with increasing RSI on the 24th.
Mr. Trump just signed the hemp bill into law.
This is a buy!
MARIMED - Technical AnalysisDear Traders,
This stock got me exciting 2 days ago, and to see it run as it did is just great. I do think its time for a small retracement but overall feeling is bullish.
