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11L trade ideas

My Elliott Wave Count for WEED.TOI have labeled my Elliott Wave Count for WEED.TO as 3 waves in and possibly 4 waves in. We will see a bounce very soon today or Friday . I think a 10%move up,once pivot low is reached. Initial Target zone once we reach the pivot low is between $56 and $60 assuming there is no extension for wave 5. There were sub 5th wave extensions for greater wave 1 and wave 3 so it should not surprise me if there is a sub 5th wave extension for greater wave 5. If 4 is still not in then I see the next landing zone as the (.618/$31.5) and (.65/30.60) Fib Golden zone region. This is not financial advice, just my view on what I perceive from my limited knowledge of Elliott Waves. If we are going to go to the golden zone then in my opinion we will have to bounce somewhat to reset some RSI’s. The 15,30 and 60 minute RSI’s are all over sold and the 4 hour RSI is approaching oversold.
TSX:WEEDLong
by Jerdy
2
3-3-5?Ive considered many times that the all time high of $44 may have been wave 3 , however there is also the possibility that we are now in wave C of a flat correction. I would like to quote from the Elliot Wave principle book " Since the first actionary wave, wave A, lacks sufficient downward force to unfold into a full five waves as it does in a zigzag, the B wave reaction, not surprisingly, seems to inherit this lack of countertrend pressure and terminates near the start of wave A" . As some other MJ stocks have done more zigzag patterns ,WEED did not. To me it seems to be fitting the shape of the flat correction as we see here. This is how i interpret the possible outcome nothing is set to scale.
TSX:WEED
by edwinv89
WEED - Double Top or New All Time Highs?We have seen some very bullish action in Cannabis stocks recently. With the Trump administration signaling less regulation and Canada legalizing it for recreational use, there seems to be nowhere to go but up. If WEED is able to crack strong resistance here and break above to new all time highs, I think this would be an excellent entry for a long term investment. Note that the WEED broke to the upside of a rising wedge, which is usually a bearish pattern, but in this case I think it only emphasizes how strong the bullish price action currently is.
TSX:WEEDLong
by ttrending
Looking like the end of the run.If you look at the hourly RSI this is where the last drop occured. Like APH this appears to be the top of a wave. Above average Bull volume to end the day looks like we will get another test of 33.50 however I dont think it breaks here. It should restest 32 and try again however If it doesnt hold this time it looks like it will move back to the 30's. Safe play is to sell around 30.50 and watch. You should be able to buy back again at this area for a bit of a bounce but I believe Its final destination should be around the $30.00 mark. However that should be a few days away. If we can bust 33.50 then It should make its way to 34.60 the buy in price where it should reject again.
TSX:WEED
by dburke44
WEED daily needs some volumeWEED daily chart looking like a bull flag right at downtrend resistance. Holding the daily mbb and hourly higher low today were great signs for the bulls. RSI favors bulls and MACD starting to poke through resistance. Game plan: break 30.70 with higher than average volume will put me in a starter position, with the rest being added on the break of 31.46. Position size will be appropriate to a stop loss under the daily higher lows - or a portion of profit taken on a first push up to give wiggle room to my position size and stop.
TSX:WEED
by DZ3572