Something I just noticed about MJNA. It's been posting lower highs with OTC:MJNA each consecutive run, but the most recent run last year to .22 was a higher high. I'm thinking this run will go higher than .22 eventually, keeping in mind that it took 3 months from the beginning of the last move until its peak.
In the short term, TSLA will likely bounce upward off its trend line, making this play an easy 10% gain.
Long term, I'm guessing that the production quality of updated Model S and X cars will be much higher than previous cars, sending the stock back into the 800-900 range, if not higher.
Having said that, if TSLA didn't fix its production quality issues while...
DOGE had a previous bull flag, which panned out nicely. But, now, it's fallen outside its uptrend pattern. There are still multiple levels of support, but I now don't expect it to rise to previous levels (or higher) until there's another catalyst. I now have no position and will revisit this one later.
This chart shows the bull flag that I called, which proved to be true. Now, DOGE is on an upward accumulation that I believe will lead to a breakout above $0.50 by the end of April 25th. I'll be interested to come back to this one.
OMG, this is finally happening folks. The house passed the marijuana banking bill, and the senate is now dem controlled. The act passed with 76% approval in the House. If the Senate can get the same level of support, this bill will pass whether the president wants it to or not. Who knows, the President may support this bill. I've been waiting a decade for this...
VIRX is sitting in the exact same situation as GME was just a short while ago, with the difference being that VIRX only has a 100,000 share float. This stock could go up to the thousands, or tens of thousands per share, with only a little effort. Oh yeah, the shorts only have one day left to cover. Now is the time to get in.
TSLA decline is bringing the price closer to a trend line. I would expect the price to reach somewhere around $600 before the correction adjusts/changes. If the price dips below the trend line, I would expect the price to plummet. If it reaches the trend line and bounces, I would expect a speedy recovery to a new ATH.
This is not financial advice.
When arguing the pros and cons of cryptocurrency, a common argument is that eventually the power consumed by mining operations will become too great. At some point, something will have to give, and that something will likely be in the form of government regulation either restricting or outright banning crypto mining.
When this argument is brought up, there are...
I'll start by saying that I am not a financial advisor. I am not a financial expert of any sort. I don't know the workings of Bitcoin (BTC) under its virtual hood. I also (as of this writing) own no cryptocurrency, but I have previously dabbled in the market. Having said that, after publishing this, I'm sure some of you, smarter than me, will tear this logic to...