Markets closed strong. MJ sector closed strong. WEED stock shot up 10 cents in the last 5 minutes and closed on a full green candle. All of this is pointing to a strong open. Heavy resistance from the 200 Hour MA at 29.80 and 30.05 where the 50 day MA sits. With the markets looking like a strong open I expect us to test it early. The next big test is 30.55 followed by 31.50. After that its pretty clear to the 34.50 BMO deal which has sent us plummeting in the past.
Weed looking to uplist on the NASDAQ sometime this quarter so I would say this looks like a good time to go long.
Weed looking to uplist on the NASDAQ sometime this quarter so I would say this looks like a good time to go long.