Nice bull volume on the recent rise in share price, suggesting to greater upside. Keeping the analysis simple.
Increased bull volume
Decrease bear volume on pullback following upside move
Fib ratios align with recent levels of resistance, now to be validated as support
RSI suggests a near term cool off, potentially right into the entry targets of target 1.05 -...
Three weekly candles finding support in the low $8.00 range
Price action is flirting with the $9.75 weekly resistance
Moving outside of oversold territory
What has me cautioned:
Approaching a long term descending resistance line
Weekly resistance at 10.28
I have maintained a long thesis on 48North Cannabis Corporation since October 2018, and the trade worked wonderfully into March of last year. However, 48North pulled back alongside the entire cannabis sector, and rightfully so on some of their own missteps.
As a brief introduction, I believe 48North's competitive advantage stems from their outdoor grow operation,...
What a time to be alive. These types of moves create a significant transfer of wealth, for the long's this has been a multi-year battle from $175 - $350 and now in a span just longer than a full month we're at $537.92 at market close January 14, 2019
This type of price action extends beyond fundamentals, and at this point is primarily dictated by human...