Beautiful, is my initial thought
The price was super predictable while it was moving between the 25 and the 50 smma, today news came out calling for a new price target, and it beautifully closed above the 25smma signaling the start of a new uptrend.
If you don’t already have a position, I would say maybe wait for a pull back but I’m already in the and this is...
So it looks like overnight it tested support around 60some pups as I been thinking it would. This could be the next leg of the uptrend or the breaking of support with another retest.
Disclaimer I Took 1% of my tlry gains and bought more lottery tickets.
Disclosure: I try to not take this “investment” too seriously it’s a lottery ticket, a bet against the odds.
Anyway, volatility has been low the last 12hrs or so. this is your chance to load up if you’re a bull and to short if you’re a bear.
Just an update, if you’re not already in the trade look for bullish action and a confirmation of the break out. The stock could retrace here, but I think that the sentiment and market conditions are really bullish so I doubt it. I could give more technicals and cool numbers but I don’t believe it to be necessary to see the trade.
I own stock
I was snooping around the internet and it seems that WSB is trying to force a short squeeze on TLRY, Robinhood currently is not letting users view TLRY options. No official statement has been put out by Robinhood
Disclosure: I own stock and calls
This is so hilarious, I bought some as a joke a while back and now it seems to have the attention of everyone.
In orange are some important levels to watch, I don’t think any form of analysis can really explain the movement behind this specific crypto currency other than its dodgecoin bro.
Xpeng seems to be moving in a EWP triangle, decreasing volatility and volume is a signal of consolidation and an imminent breakout. Like other EV car manufacturers, positive fundamental news, increasing sales and a worldwide adoption of EV technology could make 2021 a great year for EVs.
The daily chart shows the price action moving between the 25smma and the 50smma. The 50smma should act as support, the logic behind this trade is to enter at the 50smma and look for a break out, or at least a good entry since sideways movement could also be expected. Keep in mind that this is a very speculative, scientific driven investment involving complex...
Yesterday’s announcement of a movement towards cannabis legislation has been the best news for the industry since the listing of cannabis stocks. The THCX fund is newer and has a lower market cap then the MJ ETF, it also trades at a lower price making an attractive buy for retail investors. It’s holdings are:
APHA Aphria Inc 8.95% 603437
Since the start of November of 2020 NIO has traded in an uptrend as pointed out by other traders interested in NIO. More recently it has been moving in a descending wedge pattern as it trades to the lower range of its uptrend to find support. On the daily chart, NIO is also finding support on the 25 day SMMA (and support on the 50 day SMMA on the 4hr) this seems...
SND is currently moving inside a 1 year long decending wedge pattern which tend to be bullish.
Pair that with a fracking sand shortage this could be a bullish move for fracking sand companies.
Target: 7 dollars
ETH has been moving inside a symmetrical triangle for the 6 months. Recently it has moved to the lower part of the triangle with a low at 450 and riding up to 550 finding heavy resistance at the median of the triangle and at the downtrend (blue dotted line) simultaneously. Symmetrical triangles tend to be continuation patterns, when found in a bullish trend the...
Fit bit has completed an inverse head and shoulders with bullish volume, signaling the reverse of a long down trend, moving pass the 50 and 100 sma finally seeing resistance at the 200sma and pulling back to 7 dollars and holding with decent volume. 7 dollars has proven to be an important price in the pass.
It has been reported that FIT has sold 1 million versa...