I really like how this looks here. We may see a retest of upper resistance and a break higher. If this happens, we would be looking at the blue impulse wave. If it doesn't break higher, we would be following the red ABC, leading us down from here. I am leaning to the bull side right now, but we need bulls on the ball on Monday.
Strong price action into earnings. Expecting continuation into earnings to complete wave 5. From there two possibilities: 1) earnings as expected or disappoint will sell off and close the gaps 2) earnings beat beyond expectation and wave 5 will become wave 1 of a parabolic move. I'm dreaming of this one. We should be so lucky. Bulls on the ball on Monday.
Yesterday I posted that my bearish count was invalidated, and it was. Zooming out, looking for clarity, I see a falling wedge that still would need one more low to complete. If you know about the falling wedge, it is an extremely bullish setup. If we see rejection at the trend line today, place your orders at the gap fills and hold on tight. As for my count,...
Pot industry pumps on Harris comments during debate. Breaching into the territory of wave 1 invalidated my bearish count. I'm switching to bull. Currently looking for a break above $6 with large volume, or gap closes down below. The current move looks impulsive, but could just be a WXY followed by 5 waves down. If it is impulsive, we should see a small...
Very strong price action. APHA pumping into earnings while broader industry is rallying on Harris comments during debate. Hard to read these kind of explosive moves, but possibly wave 3 in here, looking to retrace for a wave 4, then close the gap up during next week? Maybe pump even higher. You never know with all this fomo. I made a killer today. I hope you...
Needs to hold support now. I didn't like the rising triangle before, but the setup currently looks excellent!
Many pot stocks have bottomed. CRLBF is supposed to come with killer earnings, but Trump blocking stimulus may see us dump before pump.
Tested and identified $4.86 as support level. Could see a bounce from here and a retest of $5.23. Needs a higher high to confirm the bullish count. Either close the gap up, then down, or close the gap down first, into earnings...
I'm expecting a gap up today, followed by a sell off. We'll soon know where we are, but from here, it could go either way. We may see a wave 4-5 to confirm an impulse wave (bullish), or we could see a completed ABC for a WXY sideways, leading us into a 5 wave move down to complete a larger correction. Bulls should defend $4.70.
I should have picked up on this earlier, but never mind. Falling wedge, a bullish pattern. Looking for a final pull back before a break out attempt. Breaking the upper black line means APHA will finally be done with its bubble correction, starts Intermediate wave 3 and will be in search of new highs. Lets do this!
Touch the .618 in an A=C flat correction before trying again at that black line?
Impulsive price action from bounce at $4.17. Looking for a tiny move higher before a retrace and a possible breakout. The next rejection from $4.49 would be the point to start accumulating, in anticipation of a wave 3 up. Find an exit if the low of $4.17 is broken. I'm game. We've waited a long time for this. Make it happen!
Closed the gap, but support didn't hold. ACB created fear among retail investors, and this deeper retrace could be a buying opportunity. APHA has consistently shown us strong performance. Confluence in the lower yellow zone. Trading plan: start accumulating at $4.22 and add if she reaches downside targets $4, $3.80 and $3.50 into earnings. Anticipating bear...
Looks like we'll get one last zig zag to close the gap, then up. Pre earnings buying should start soon as well.
This trend line is the last relic that remains of the bubble. It has been broken once, and the current correction is starting to push against it. I still think that we'll see a quick dip to complete this current correction, but in the end, the market does what the market does. $4.40 has been a tremendously strong support. Indices are prepping for a tough two...
I've invested many hours over the past few months, trying to get this right. I'm not sure if the top of minuette (iii) is in yet, but we're getting close. This post more as a note to self, for future reference, but would love to get input from anyone to aid me in my learning.
B wave looks complete, C wave could start at any point. Alternative count suggests a very ugly complicated zigzag, but I'll believe that first when bulls break $4.90 from this level. Buy signal above $4.90, below that more consolidation ahead of us. I'm still waiting for that gap to close, but once this current zone breaks, I suspect we may see the lower $4 range...