A tip from some guys at work, who eat risk for breakfast? Lets see if it pans out.
Monthly 9 buy
2/Week 9 buy -
Daily 9 buy on Sept 4th
Trailing stop on above .01566 the the prior swing high.
StochRSI - at the extreme end on the monthly and weekly is positive
2-Week MACD 2Fast/7Slow - is positive. Weekly is positive
Seems like we might be heading to .005c before we take off. Or we take off from a penny. HEMP has a market reaction that is very common..we get 2 nice mini impulses up...a slightly over accumulation bullish channel with a mini break out that rides above the trend channel noise. This is a good sign for bulls as it shows much more strength is coming in. Price ranged...
As you are all aware. Hemp is getting a lot of publicity. Hemp company just announced today they are now processing for a bio plastic company. I have a strong gut feeling once they show a positive return this stock is going to go through the roof! Keep your eyes on it!
Company been around since 2010. Bruce's numbers haven't been the best, but this looks like an opportunity to get in now, and ride it up. Still have room to go down, so i'm going to sit on it for a few before making a move
posting as a note to keep Looking at all hemp companies as the Farm bill gets introduced. This one Started moving about a month ago clearly people knew what was happening. will look at a breakout of this range
looking at 3rd consolidation move now. market likes to move in 3's. So were very likely to see a big volatility move soon. In addition to the cup and handle/ascending triangle that has been panning out for quite some time now, this is definitely looking very bullish. needs that confirmation volume to drive it home or else it will fizzle out.
HEMP Elliott wave analysis. Although a penny stock, emotions run high and still create clear Elliott Waves. Hemp is an obvious long term growth prospect. Hemp is on its way to becoming fully legal and along with that the potential to really change how we make many products and also the medical potential with Cannabis is huge. I expect this to take a few years to...
I am not a fan of OTC stocks. OTC Stocks can be great for trading but most often times are not great for long term investments as the SEC does not closely regulate these stocks! much manipulation can take place, but I have many fellow stock traders that like me to analyze stocks so this one is for them! Hope you like it.
I have compared Bitcoin with 3 major Marijuana/Hemp stocks. Bitcoin seems to be paving the way for the MJ industry by about a week to 2 weeks. Will this pattern hold up and will this be a good indicator in the future?
(Bitcoin is the black line)