CRON is close to historical bounce levels on the back of negative reaction to earnings
APHA still has no sign of the bulls despite daily oversold levels and we remain in a bear flag setup. Watching the hourly and 4hr charts for support holds and resistance breaks to let us know that the bounce is getting underway. There will be a profitable move once a bottom is found but there is still no sign of that being found at this point.
ACB closed weak at the low of the day, and 8.15 support test is on tap for tomorrow morning
CGC still hasn't found the daily higher low, there's a falling wedge pattern on watch as well, being patiently to only scale into hourly oversold for bounces and otherwise waiting for the hourly trend to change
Notable to see the first close ever above $15 as this has been an area of resistance, but the most important signal for me will come from the hourly chart and how we break this tightening range
Watching the hourly charts for both CL and OH as these charts are now tied after news of the acquisition from a few weeks ago. Break bull and we have new daily supports established, break bear and we're looking down at recent lows and potential looking for a new weekly higher low
CWEB bear break sending prices to area with a lack of support but some significant price action. This bear break is giving bulls an opportunity to initiate longer term swing positions as a weekly higher low is searched for
CRON has the lowest hourly and 4hr RSI levels we've seen in a year, but we're not expecting a bounce until CGC and SPY find their new supports and bounce
APHA may be the next name to lose the daily uptrend, and potentially the weekly uptrend as well.
...but we're not likely to see a bounce until CGC and the S&P500 find their bottom and bounce. I'm looking at the potential we've set a major top on the ACB chart that will be revisited later down the road, but without getting ahead of ourselves - first we have to find that support to bounce from, and see the strength of that bounce in order to best anticipate...
Very disappointing to see the daily bear breaks after the bull break fake-out on Wednesday. Strong correlation to the overall market, and we're now waiting for the potentialy of an oversold bounce later this week or waiting for the hourly chart to give us another signal in the midst of a favourable daily setup
IAN chart strikes me as choppy, the hourly equilibrium is the clearest picture I can get right now
Very strong chart on the daily and weekly, Bulls are anticipating a healthy higher low on any pullback
A basket of good news and pushing back the shares unlocking has propelled CURA to all time highs with an hourly equilibrium setup heading into Monday
MMEN has changed the daily trend, but is now going ot have to change the weekly trend and that isn't going to happen any time soon
Origin House is looking for a new all time high first thing Monday for the bulls to see continuation, otherwise we're looking at healthy hourly consolidation in the search of an hourly higher low
TRUL is at an important point in it's weekly setup and is in a current 2hr equlibrium - the break of which will dictate direction for the coming days and shift the odds of how the weekly setup will play out
Daily EMAs on CRON are notable to me as signs of weakness. The daily chart is a choppy mess and I will likely stop making daily CRON videos until we get more discernible patterns because trading chop is a recipe for losing money. If we break our supports we are looking into potentially hourly oversold conditions