Closed at $2.49 on 02/05/2021.
Believe this stock will soar once it passes $2.70 per share (Dependant on overall Stock Market performance)
Anticipate a breakout within the next two weeks.
Recently endured a cup & handle set-up.. breakout pending..
Technical Analysis - Decent support around $30.95... could be a new floor/support.
Anticipating a trend reversal shortly and for those who do not have a position in the MJ Sector this is a good opportunity.
High risk, but high reward.. time will tell.
Clearly a descending triangle with strong support around $0.50.
As long as there is no bad news similar to that of Canntrust, and any positive news, can see a big spike.
Clearly speculation, still a bad chart overall but short-term we should see a bump in the share price.
Summers for the MJ industry aren't the greatest, but I believe we should see some upside shortly.
It is clear that Bitcoin is experiencing a trend reversal. This was confirmed by the bull break surpassing multiple resistance levels (white lines). MACD Cross, RSI neither oversold / overbought, and volume increasing. Next key level of resistance is $6000 USD/BTC.
These are two potential long positions:
1. Cup & Handle pattern - Get rejected around $6K USD and...
Recent head-and-shoulders pattern.. Short-term support and resistance in white, if we see an upward break the expected long position indicates upwards to a return of 20%+ and loss of 10%+ depending on limits and stop losses set. Red lines are showing a descending triangle. Bullish based on improving fundamentals and the risk-to-return reward for future growth and...
