Weed stocks are heating up, expecting momentum to carry into this week. $CGC and $TLRY are my favorite weed plays as far as price action, they seem to make the most violent moves. Side note - $CGC weekly chart has the beautiful MACD cross and RSI is approaching bull territory. Will be buying an ounce of weed for every PT hit.
Chart looks absolutely amazing for this week, the Thursday and Friday price action was just what we were looking for. Can't get much tighter between the 12 & 100 EMA along with the symmetrical triangle. I'm aiming for a breakout to $14-$15 this week followed by some possible consolidation before another run. I'm pretty heavy in 11/26 $15 calls.
Started a long swing position last week w/ $52 avg after nice reversal. Looks ready for next leg up on both the 1 hour and 1 day. Depending on how it closes tomorrow the weekly candle could close as a very nice hammer candle just under the 20 EMA.
$AAGC held up and consolidated very nicely after the last run and seems just about ready for next move up. There has been very strong demand and buying pressure in the .0025-.0027 area and a strong move or close over .0037 should send it flying.
No position yet, but keeping this at the top of the watchlist - has a history of making violent, quick moves. Notable volume increase on the weekly chart the past few weeks. Sitting just below the 50 EMA on the daily and I plan on scaling in if/when it breaks above that.