Fundamentally I feel like the marijuana market is attractive at these prices, I started calling the market last week and now I'm looking for individual stocks to *Invest* in. I dont trade stocks.
Quarterly: Currently at a price range that has acted as big support and resistance in the past on the longest term chart we can look at on this asset.
Monthly: I applied the fib retracement tool just to highlight that this stock has been dropping like a rock without looking back for several months and even a modest pullback to the first resistance in the down trend would still net us a 100 percent profit.
Weekly: Just reverting to the mean, (200 week moving average,) we more than double our investment.
Daily: Trend line breakout and I also like that momentum bar on that breakout pullback. Look closely, price broke out on the 16th and 17th, pulled back to test it on the 20th, then boom no tail on the next candle, no wick at the top either, buyers controlled that entire day.
Thanks for reading. Like and follow! I follow back and toss coins!
Quarterly: Currently at a price range that has acted as big support and resistance in the past on the longest term chart we can look at on this asset.
Monthly: I applied the fib retracement tool just to highlight that this stock has been dropping like a rock without looking back for several months and even a modest pullback to the first resistance in the down trend would still net us a 100 percent profit.
Weekly: Just reverting to the mean, (200 week moving average,) we more than double our investment.
Daily: Trend line breakout and I also like that momentum bar on that breakout pullback. Look closely, price broke out on the 16th and 17th, pulled back to test it on the 20th, then boom no tail on the next candle, no wick at the top either, buyers controlled that entire day.
Thanks for reading. Like and follow! I follow back and toss coins!