solid short so far, looking to cover soon. Probably end of week. into long for another bounce at resitance. this is a risky long imo and should be closed out with fast prfits as i believe cannabis has entered a bear market that could last at least 6 more months if not more
NRG has long had a beautiful relationship wit OIL but recently that correlation has gone straight out the window. Im by no means an economics pundit and frankly am slightly unsure as to how an electric utilities company relates to oil (both energy sector? oil used as a means for producing energy? are a few ideas that could be in the right direction). They are...
Some traders saying this markup in price is due to the cold snap on the east coast? maybe it had some small part to play as a catalyst but i feel most traders are missing the point. The same happened to the XIV and insane flash moves like this can be traced back to 2009, a time when banks and traders were severely over leveraged. Apparently issues like this have...
theres no way this is sustainable. Once people figure out its economically unfeasible to buy overpriced down jackets and boots during a recession, stock prices will tumble.
momentum is running out. smart money not buying this. looking for another move down before going sideways for until for a month or 2 maybe, before resuming downtrend. all depends on how the market absorbs this potential fall. That being said the opposite could happen and we could make another high, this could be a correction.
Most would be looking to short here due to the breakdown and apparent short term consolidation happening under the critical price line. However parabolic move down plus RSI extremely overextended tells me were in for a possible sharp incline. risky and volatile so relatively tight stops here.
bubbles left right and center. crypto, housing, cannabis. be ready for a great dip. probably the greatest buying opportunity of our lifetime. everyone saying buy the dip but eventually, but that doesn't work out so well every 10 years or so
not sure if this indicator is that trustworthy but i researched it a bit and it seems more or less reliable. Interesting perspective that it gives
nice consolidation out of wedge. Good odds are for a move higher. A false breakout would be characterized by a move back under the wedge. So far volatility is at a recent low with a clear sign of accumulation, deciding move will be soon
Looking to teset bottom again. Great for scalping. short into long
strong previous support at 5$ is now the short term resistance. Looking short back to support of 2.50$
for reference. If there is hesitation in breakout or near top trendline, could be good short opportunity. A strong breakout might go and test 60$ but momentum still favors downside.