I'm hoping for another good run as long as the broader market can keep it together. The first run up moved pretty quick and now its consolidating nicely as it tightens up in the falling wedge pattern. Bullish divergence in the RSI for months.
Watching TGOD for a buy entry above our last daily level, holding the low of Friday will be key for the bulls efforts of continuation of this move, losing it will be the sign to patiently wait for a few days to rebuy
Looks like Tgod has found its support at 3.00 this could be a solid long position tomorrow morning. I would set a stop at 2.98 and bet to hit 4.80. RSI is strong with small candle sticks a couple days before could be an explosive trade. watch for resistance at the 50 day MA around 4.50. Go long for now but watch out for reversals. happy trading.
Let's have a look at TGOD.
Price dropped like a dead mouse before, but TGOD did create a nice bounce which I predicted in my previous TGOD TA.
Now the question is will it create another run, or will it drop to a lower low.
Looking at the chart and the indicators there is more reason for it to drop then to break out if i'm being really honest here....
solid short so far, looking to cover soon. Probably end of week. into long for another bounce at resitance. this is a risky long imo and should be closed out with fast prfits as i believe cannabis has entered a bear market that could last at least 6 more months if not more
TGOD is known for its clean charts. totally traded by bots all day. After the Massive Short Signal @ 8.5 I have been waiting to find a bottom here. TGOD is very far behind its competition so I wasn't looking to jumping in when I saw the open at 2.5 the other day. I wanted to but I wanted to see a bull flag followed by a rally. and we did and it hit 5 (now the...