Could run another 60%
The Cannabis momentum all across the board seems to be changing in a favorale bullish manner
Plenty of stocks have seen double digits increases, most noticeable medmen and tilray.
Medmen is drifting down in a bigger parallel channel on a Weekly chart and is moving towards the middle range of which could act as resistance.
On a daily Medmen has broken out of the downtrend channel from 19December with big volume and a strong run into todays' close and closing above the 63day moving average.
Weak resistance at 0.63
Most recent significant high a possible resistance area, is at 0.84 a whole 57% from today's close.
Plenty of stocks have seen double digits increases, most noticeable medmen and tilray.
Medmen is drifting down in a bigger parallel channel on a Weekly chart and is moving towards the middle range of which could act as resistance.
On a daily Medmen has broken out of the downtrend channel from 19December with big volume and a strong run into todays' close and closing above the 63day moving average.
Weak resistance at 0.63
Most recent significant high a possible resistance area, is at 0.84 a whole 57% from today's close.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.