Although widely considered a Cannabis play, IMO the hobby indoor garden space has big potential.
From a source of food to a source of Zen...
Plants, regardless of their level of cannabinoids, can be very beneficial.
Almost akin to pets.
Fostering health and physical well being.
Even providing for psychological needs, like being a provider, accomplishment, even...
There might be a better way to do this but...
I wanted to be reminded to check a stock on a certain day, and couldn't figure out how!
Let me explain.
While doing research on VALUE stocks... Fundamentally Underpriced equities. i.e. Not TSLA! :D
ABBV caught my attention...
A quick review, showed that it has earnings coming up on Monday the 29th of March.
The potential for this pattern to play out
will be highly correlated to many things...
Among the most important:
1. US$ (DXY) - Potential for radical moves due to stimulus
2. Other Alternative Investments (BTC)
3. Fear - Trustworthiness of Paper Gold
4. Manipulation rumors
Possible Pattern Plays:
Entry - $160
Exit - $260
Move $100 (62.5%)
A Comparison of the Present to the Past... This is not a call, prediction, wish or plan!
If Monday the 22rd of Feb 2021 was Monday the 24th of Feb 2020...
The S&P opened at the prior close, and without rising dropped ~125 pts over the day.
The Grey dashed line.
The current topping pattern's measured move is the Blue dashed line.
The Orange dotted line is the...
High up in a tree the market (Snake - Kaa) offers a false sense of security to lure the unsuspecting victims in, promising gains, saying 'Trust in Me'...
Mogli (Market Makers) push the market out of the tree, sending it crashing to the ground & slinking off broken!
There is actually quite a profound metaphor here......
HOW IT COULD HAPPEN...
All the bears jump on this Dip (The Handle)
Decent earnings news causes a reversal.
SPX returns to ~3530 next week...
Sure the end is Nigh! The never-bulls hold!
Pelosi relents or is removed as Speaker
Stimulus is approved!
Panicked bears flee for the exits!
Cup & Handle pattern plays out, to
A Contrarian POV ;)
An UP move can be relatively safely played as just in the descending wedge are the
Support: Channel Bottom & 3300
Stops: Placed just below there in case it goes down.
Note: Inv H&S
14th. Bounces around support & resistance but ends higher...
15th. Shorts panic and it ascends into channel 0.5 line
Here are a couple reasons I think short is wrong... but not for long!
T.A. from the Present, compared to the past, to offer incite to future...
There is a striking similarity in Performance & Indicators between Points:
1a - 27 Jan & Point 2a - 4 Sept
On SPY Daily...
Some additional indicators seemingly...
Over the next few days, back and forth action is expected, in a mildly downwards direction.
Possible scalps but risky due to current sentiment.
Within 1-2 weeks look for one last, 'single-day pop' for a new weekly high, in the 210.20 region.
Taking a short position with a Stop if price closes above 211 has relatively low risk.
Strong upside movement in the...