My observation of $cgc
All the news of pot stocks is only good news for who ever comes out with the next approved medical use.
It's great news but companies are not close to getting fda approved let's say this month so that is why I'm calling short. I bought 3/05/21 43 puts
And bought 2/12/21 43 puts
If it does breakout tomorrow I will sell all.
Normally im looking to short but looking dxy tonight falling out of rising wedge and es1 resting on support. it looks like the storm may be over with for a short period
let me know if you notice the same supports as I do.
there are some rising wedges that intersect around 3070. I believe that will be the high of the day, all depending on Powell speech and Trump Chyna news today. I will begin to buy July expiration puts as it gets close to TP
If MFI does not for some reason get overbought by 4pm today, we can expect they will get pumped to overbought Sunday night, and we would open...
as the hungry hippo has taught me is to watch the money flow index
on the daily is seems to have hit a snag
on the 3hr, it doesn't seem to be corresponding with the price action
If we do rise past these recently new highs, I will continue to build my short position
However we do know how things can change and if the MFI becomes oversold I will change my course