After a huge run up, even compared to the post 2000 bear, this market is going to fall deeeeeep.
Now, I have to say that I'm not exactly trading it like this - but I'm picking off pull back and going short in small peices. I'll cash out and buy part of Florida when I'm done, then make it part of Canada. But I'll make the purchase after the next hurricane wipes...
Friday Sept 21 stock was halted as they got the first ever sales only license. This company is going to be the Amazon of POT.
On monday the stock will unhalt. If you daytrade you should watch this. If you invest you should buy on Monday
There are no chart patterns to stop this, so I have no opinion. I sold everything 2 days ago with a nice profit. Before the close today I bought a stake again as it looks strong. It busted thru the gap with no problem.
So I'm in the green a little and my stop is set for protection. I don't mid taking small losses. If it hits the stop and then looks good...
The upside has to 1.35, lots of room to move after the next break upwards.
The next break will be large as it is hitting previous supply.
Watch this thing move. Buy on the upsloping line. Target 1.35 or higher.