POT - Watching for false breakdown
POT broke down below a long term uptrend line back in March but the selloff has not been able to gain momentum. No position here, but watching for possible false breakdown and a move back inside the uptrend line. If so, a larger move back towards 40-45 may be coming after some initial resistance ~$35-$37.
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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.