Nice bounce from the lows but this is just an oversold bounce. High risk of headline exposure to hold this overnight now during the Health Canada investigation. Any indication that Health Canada will be cutting them a break would have an immediate bullish reaction as 'the worst' is currently being priced in.
CURA has no buyers in sight right now with a very weak bounce off of the low, and now an inside bar on the daily. watching the two important daily levels for a clue on short term direction.
APHA will have to break the high of today, tomorrow, and bust through daily EMA resistances in order to start to get our attention. Losing the hourly uptrend would be a short term red flag and would increase the odds of a daily bear flag.
Potential daily bear flag on CRON, If we reject from breaking the high of the previous day and lose the hourly uptrend, that will signal a search for a new daily support. If this happens tomorrow that increases the likelihood of the daily bear flag playing out
ACB shares settling after hours is giving the daily chart a more bullish look with an artificially inflated volume reading, but this bounce is not the followthrough the bulls were hoping for from daily oversold RSI
This was not the followthrough the bulls wnated to see from the lowest 4hr and 1hr rsi ever, and the first real daily oversold in two years. levels have cooled off and the bounce is weak on declining bull volume, giving the potential of another leg down
Hey everyone, it's been a long time since I've done a market video. Checking in on the markets and the setup we've got heading into next week
OGI bulls in full control on the back of uplisting news, but a healthy daily higher low will be needed at some point soon. Watch the hourly chart for clues on when this will be due
Cautious of a potential weekly bear flag as the CRON oversold bounce is not getting any real followthrough. Currently trading in both a descending channel and a sideways channel, one will break this coming week
Big move as the bulls bought the gap down on the back of earnings reaction. Looking for a higher low on the daily now that we've lost the hourly uptrend
APHA is currently in a daily bear flag setup, I have no interest until it breaks out of its current sideways channel with volume
Watching this tight daily range and anticipating a weekly eq, I'd personally like a bear break of this level with good followthru and an attempt to bottomfish our support just below $40. Daily EMA bear cross in addition to recent price action has me learning bearish on this pattern
TRUL chart is choppy with no clear support or resistance, monthly chart looks like consolidation may be needed and ema bear cross on the daily chart has me cautious
Clear hourly resistances on both of these charts
GTII has a key weekly support coming up with 4hr oversold and daily close to oversold. I'd anticipate that level to hold the first attempt if we drop right there without a bounce, but if we see a weak bear flag on the daily chart before testing that level next week, that would change the setup and I'd have to revisit this idea
30min eq on watch but likely to see an inside bar. HOD and LOD are the most important levels on CWEB
Watching the hourly chart for clear resistance and a clear eq to give us short term direction on curaleaf
Watching the low of today and the high of the earnings reaction for the probably hourly eq into tomorrow and Monday