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POTX a cannabis ETF is a siwng LONG Setup ( ACB MJ TLRY)
Long
POTX a cannabis ETF is a siwng LONG Setup ( ACB MJ TLRY)
By AwesomeAvani
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Updated
Aug 31, 2022
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Aug 22, 2022
POTX as shown on the 30 minute chart
is showing an ascending megaphone pattern,
a reflection of increased volatility,
The price is sitting on the lower megaphone support line
and the RSI shows weakness.
Green up arrows show each time the price has touched the
support line it has reversed to the upside. The same for the RSI.
I see this an an excellent swing long setup with a target
of about $22 or 25% in a diversified EFT allowing for
a bit of risk mitigation.
Aug 31, 2022
Trade active
POTX has retested the ascending support trendline. Watchful waiting to add more to the position.
ACB
megaphone
megaphonepattern
mj
POTX
SNDL
TLRY
Trend Analysis
Wedge
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