WEED Inside Daily Bars & Tightening Range - Break Coming
WEED, after the all out dump last week is starting to show some positive signs again. As good news builds up with this company and the sector as a whole (licenses, mergers, good financials etc.), and stocks show little movement, I think we're getting ready for another bull run likely into the June vote. The last three days WEED has shown inside bars, a bullish sign, couple that with the long-term tightening range, room to move on the daily RSI, holding above the 50EMA for the past 5 days, and decreasing bear volume - I expect a solid start to next week, and a break. I'd like it to return to our very long term trend line (shown in light grey), but that may be a little ambitious for this week. I'm hoping for a move beyond $32.
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