Curaleaf: Setback for a Comeback 🌪️The price of Curaleaf has set back significantly since its impressive rise in September. Soon, however, it should continue, as the price has now reached the green target zone between CAD 5.50 and CAD 4.33, where we locate the low of the green wave 2. Following the low, there should then be significant gains again with the further green five-wave move, reaching CAD 12.
Curaleaf
Curaleaf: Rocket launch 🚀Curaleaf's stock price has experienced a rapid increase, surpassing the resistance level at C$5.68. It appears highly likely that the stock is currently within the orange wave iii, which is anticipated to extend beyond C$8. However, this upward movement might not be as meteoric and could follow a more gradual trajectory.
Curaleaf golden corner pocketPretty had to find a more beautiful chart. Looking for the break of the falling wedge for confirmation.
Curaleaf #MSOgangBullish on MSOs. *valuation matters. $GNLN #thegem
#cannabisboom2021 JOBS & JUSTICE
#cannabisreform
CURALEAF (OTC) Bullish TargetDAILY CHART
CURA forming a wedge.It can move sideways a bit until next earnings on NOVEMBER 23. November 23rd is near the edge of the wedge, when multi-day breakout can happen.
With the thickest part of the wedge measured, and cloned (see the purple slanted line) it should reach the target of $17.90.
About a 50-60% return from the bottom of the wedge.
Descending Triangle for CURA?Or, possibly this pattern plays out as a bullish flag.
The KST is displaying a bearish cross where I have placed the red downward pointing finger.
Keep an eye on the DMI in the upcoming trading days, if there's a bullish cross it would be very note-worthy for the bullish narrative. Something similar to what happened where I've placed the green fingers.
The share price is nearing the end of the pattern which doesn't happen too often, this could be due to some indecision among market makers and other participants trading / investing in the stock.
CURALEAF HOLDINGS TO $25 (CSE)CURALEAF Third Largest Cannabis Company Worldwide
FUNDAMENTALS & TECHNICALS
1. February sell off has resided and patterns are looking bullish. We are in line to reach $25 by earnings call on March 22nd (catalyst)
2. January highs have been tested at $16.70. Levels involved with $50 Million Canaccord Genuity offering and the replacement of the CEO
3. Previous quarter report forecasts positive EBITDA
4. Owner Boris Jordan is extremely involved and wants to raise the valuation
5. CURA is the third largest company by revenue. APHRIA- CANOPY GROWTH- CURALEAF. Size of the company does not match the valuation in relation to its peers. This is a $40 Stock with this basis
6. Cannabis Sector is bullish particularly in the US CANNABIS with Biden
7. Company posts solid earnings of $100Million+ and has licenses on numerous states and keeps acquiring them
8. Momentum Squeeze has indicated a shift of direction
9. Divergence Oscillator is centered and with room for a bull push (7hr Chart)
ALL SUCCESS
This publishing is for research purposes and in no way represents an order, directive or suggestion. This is for informational purposes and represents and opinion. Everyone is responsible for their own decisions and should invest only within their means as a sovereign individual
GREAT APPRECIATION AND THANK YOU to the Indicator Publishers: CRYPTOFUNDMANAGER & LAZYBEAR
CSE:CURA
The best Canadian gift for youHello traders, this thing is strongly bullish now but its about to curve downward. I see the TOP forming. Get ready for the shorts.
Descending Triangle for CURA?It's possible this pattern plays out bullishly as a Bull Flag, there's a noticeable divergence on the RSI, we've seen higher lows in the RSI but the share price has basically chopped sideways.
On the KST there's been a bearish cross.
CURALEAF HOLDINGS| Local Support| Equilibrium| Bounce Probable Hello Traders!
Today’s chart update will be on CURALEAF HOLDINGS which is testing its local support where a bounce is probable.
Points to consider,
- Clear equilibrium
- Local support at .50 Fibonacci
- RSI testing support
- Stochastics in lower regions
- MA’s supporting price
CURALEAF is travelling between two clear supports and resistances closing in on its apex, where a breakout is imminent.
Local support is in confluence with the .50 Fibonacci level, signalling that a bounce is probable, confirming the S/R flip.
The RSI is testing its trend line that must hold, a break will increase the likely hood of CURALEAF breaking structural support. The Stochastics is currently in the lower regions, lots of stored momentum to the upside.
Overall, in my opinion, a bounce back to resistance is probable only if the oscillators respect their current supports and lower regions.
What are your thoughts?
Please leave a like and comment,
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
