Welcome to my DN Delta 9 Cannabis Analysis :) This analysis shows two situations, once a Bearish Harmonic pattern and a Bullish Navarro 200. The Bearish pattern would still have two targets Open: 0.215 CAD 0.070 CAD If these targets are reached, I expect at the latest from 0.060 CAD with a very strong impulsive rise (possibly with a short squeeze by closing the...
Resistance 3 : CAD 0.620 Resistance 2 : CAD 0.530 Resistance 1 : CAD 0.450 Strong Support Level : CAD 0.390 **Disclaimer - This is not a financial advice, please trade with caution and on your own risk. This prediction Based on My Dreams. Do not view this idea as a recommendation for trading or investing. Risk Only What You Can Afford. Always Use a Stop Loss....
Last quarter saw pump to 70c then dump back down to low 50s following earnings on a "sell the news" type event. Seems like market makers trying to reduce purchasing power around earnings as earnings continue to blow expectations out of the water. Look for consolidation in wedge pattern for another week before run to 70c. Should consolidate in larger wedge prior to...
TSX:DN [/symbol Watch for Dealt 9 (TSX:DN). The pull back due to the quarterly report seems over. It is about to break out provided in the next 2 weeks: 1). It ranges between $0.54 and $0.58, and do not close below $0.54 for more than 2 days; 2). It breaks through $0.65 with higher than normal volume; 3). Wait for pull back to enter, or enter now with a stop loss at $0.47
Asecnding Triangle Descending Volume Cons PPS below 50MA and 200MA 200MA Descending 250RSI just below50 ATR descending If confirmed, PT0 = 0,65 PT1 = 0,69 PT2 = 0,74 PT3 = 0,80 PT4 = 0,89
TSX:DN Big move coming for Delta 9. Company is so ridiculously undervalued but volume indicating there isn't enough demand (company still relatively small/unknown and in new industry). I am thinking that move may be downwards. Overall cannabis sector looking bearish. Delta 9 rejected off 200 day m.a. multiple times now. 200 day m.a. is set to run into trend line....