Expecting next week sideways action to continue, with the thought that 16.50 (0.618 fib) will hold as support as well as the 30min kumo cloud. A larger move is expected in the first half of Jan with a price target of 21.50ish.
UBER channel with median line acting as resistance. Retracement back to the 0.236 and 4hr cloud acting as support. onward and upward back to revisit the median line.. Thinking golden pocket by beginning of February.
Thought here is that we are in a large cup with the uptrend beginning since the lows in march. Expecting that this will ride with the other US MJ plays and eventually break out of the long wedge pattern. FIB retracement lines shown. once volume finds this name, there is alot of upside. 2021 looks promising.
