Choppy trading chart for a while, ACB trying to find direction. Things are slowly clearing up. Bulls there to defend supports, but not to follow through. Indecision candles. Nice move today, for sure. Expecting a daily lower low on the weekly, during the course of next week.
With all the hype behind us, we're back to normal. Still a lot of room for consolidation. Looking at the long term, we're back inside the organic growth channel, which has provided support for as long as Cramer was pumping, but is now likely to provide resistance again, as CGC is trying to make sense of what they are doing. FIB levels on watch, long term wedge...
The current downtrend formed a parallel channel that is on a collision course with the 3 month old channel that start on December 24th, creating a wedge. ACB is currently riding the top of this wedge, which is generally considered to be a bearish signal. We're headed for the tip, and fate has it that the FIB.618 of the breakaway rally meets exactly there. Bulls...
I've been trying to make sense of CRON for some time. Finally, we see direction emerging. Channel found, short term moves on par with analyst targets. Looking for the lower bounds of the channel for an entry, otherwise not interested.
Posting earnings today. Sell the news or all time high? Pattern certainly looks like it WANTS up. Double top, testing resistance several times, needs to break with huge volume in an attempt to reach for the stars...
Head and Shoulders on the hourly, inverted Cup & Handle on the daily, all signal that we'll be looking for bearish confirmation today, possibly filling the gap down. FIB618 at 8.47-ish, after that, she will be off to the lower $8 levels. I hope you all took profits when you still had the chance :-)
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.
Aleafia levels look interesting. ALEF's levels look like she may be ready for a move upward. Levels on watch.
Is TLRY about to implode? It has been testing key support three times this year, failing to bounce, and recently the curves inverted. What kind of signal are we looking at?
I love wishful thinking, but in the case of Harvest One, the possibilities of a bull flag forming over the next couple of days/weeks, is possible. We have a double top, a deep dip, forming at least a decent, giant cup. The right side qualifies as a flag pole, and the company has been making excellent moves lately. An interesting international footprint, with a...
Zynerba is one of my favourite biopharma stocks. I've played her from $3.88 up to $5.22, then sold when I saw that the hype was temporarily over. I didn't want to go long ZYNE, because biopharma is some scary stuff. When they presented failed trials earlier, the stock plunged 53%. On the other hand, when a trial succeeds, and a medicine can be filed and prepped...
After a very strong move upward, we sort of found ourselves in limbo, wondering what to hold on to and what levels to look for. After some explosive moves yesterday, we can now see a tightening range emerging on the hourly chart. New supports and resistance are becoming clearer, while the RSI is slowly cooling. Investors are waiting on news about Nelson Peltz'...
RTI gapped up on news of it obtaining a standard processing license, then dipped down, almost closing the gap until follow up news broke that RTI is now operational and starts to generate revenue. She broke clear of the $1 level, though she may of course consolidate below it again. Increased bull volume, however, tells me investors are aware of RTI's potential in...
I have been throwing cutlery at you guys for about a month. Series of cup and handle patterns, all of them that were followed through. ACB is a giant cup and handle between October last year and today. Recently, the 100 and 200 EMA crossed over. The last time this happened was at the foot of the uptrend that lead to the all time high of $12.53. I pointed it out,...
We're looking at a tiny bear flag on the hourly, while Cramer is urging people to buy ACB. What can we expect? We've been trading sideways in a narrowing range. It seems today is make or break. Signals tell me more consolidation is needed, but with Cramer's bubble blabber, anything can happen. I'll be watching the opening for signals. Bulls must break 9.00 at...
I hope not too many of our friends have bought the peak. The rally of the past few days looks exhausted to me. Time for some healthy consolidation.
We've had three more or less predictable days now, with two bear flags getting a follow through, opening at its lowest point for the week at $7.33. At closing, we now have a beautiful bull flag on the hourly chart, and it makes me wonder what the potential holds for Monday to come? I see a possible break out towards the $7.95 to $8.20 range on Monday, and will be...
I really don't like that nasty candle that was set two days ago. Ended the day with an hourly bear flag. Followed up yesterday with a healthy pull back. Yesterday it bounced off of supports, and when volume decreased, otherwise down with the market. The close saw yet another bear flag on the hourly. What will be today. Markets don't look promising. So far, no...