Is MJ getting ready to break $24?

2021年2月4日

Too early to tell, but it looks as though MJ is bouncing off a $24 resistance level while also developing a bearish divergence in the RSI and MACD. If MJ stays within the drawn channels, I could see it selling off a bit and testing the lower channel/MA to form an ascending triangle. This should also create the opportunity to bounce off the RSI support and make way towards the $24 level again. I believe MJ has a positive long term outlook, so I would most likely be a buyer of a $24 break or a $22 retest of the lower channel...interested to see where it goes from here.

2021年2月16日

交易結束：目標達成

We busted straight through $24 and headed towards the mid 30's. We saw a snap back down to the mid 20's where it looks like it's finding support. I expect it to continue trending up but would not be surprised with whipsawing volatility in either direction as it is a "hot" speculative sector.