Looks like TSX:HMMJ is about to breakout of his descending channel but we still need more confirmation + daily close today looks really good (hammer).
Also, something I'm not familiar with enough, could this be an inverse H&S formation ?
Oh well, let's keep following this MARIJUANAAAAAA sector, a lot of promising stock at...
Another Marijuanaaa stock that is looking good right now. TSX:VFF just broke the bullish flag, let's see where this goes. Q2 conference call on tuesday, next week is going to be the big turning point for that breakout.
NASDAQ:AMD made a double top combine with a bearish divergence on RSI.
What I'm looking for :
Best scenario pullback to 38-50% fib
Other scenario pullback to 50 EMA
Worst scenario breakdown of channel looking for another setup
NASDAQ:ATVI has been trading sideways for over 9 months now and in a tight range for the last month while printing higher lows (ascending triangle ?). Oh, and of course opened a big gap in that last drop.
What I'm looking for next :
50$/200 EMA test/breakout
Volume on breakout
Strength of breakout/if weak see if market structure holds