I am neutral bullish on this flag. Been a nice move, sector is hot and napping this week so far in my opinion. MACD Is just beginning to change direction resulting in a momentum shift. Will keep on watch for entry!
Dark Cloud Cover yesterday, looking to complete Head & Shoulders pattern, sending HEXO to FIB618, into the buy zone. I am looking to accumulate a few shares, thinking it will set a new all time high soon.
HEXO looking like it's ready for daily consolidation, losing the low of today will have us being patient for a couple days while a new daily support is established. Otherwise we will remain in an hourly equilibrium with a possible daily inside bar tomorrow.
Looks like this stock could see some follow through this week. First time in a while that it closed over this weekly trend line. I'll keep an eye out for follow through.
$$ When I noticed this was a bull-flag already broken out, it dawned on me that the typical target would be confirmation of my previous recognition of the Inversed Head and Shoulders Pattern forming (click on link to related ideas). This means an EXCELLENT entry before confirmation of the H&S pattern (we get 2 for 1 here if I'm right)! AND even if we don't for...
Daily higher low is in and confirmed with hourly trend change in favour of the bulls, but we will need them to start buying in order to keep the odds in their favour
HEXO negated the bearish reversal candle from Friday and we're watching the volume on the hourly chart after an uptick in bear volume today on the pullback
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HEXO
