FLGC rides MJ rallying from being beatdown long term LONGFLGC here on a 30 minue chart reflects the new agenda in the swamp as incumbents try to
fortify their re-election agenda. Same is happening in Germany !. My trade started 10 days
ago. I am looking for 300% got 200% so far. Momentum continues. Hot is hot until it is not.
(See also ideas on OGI, ACB and TLRY.) Adding on any pullback or consolidation.
DEA
TLRY and its peers jump on high federal news catalyst LONGTLRY on the 2H sharge shows a draamatic trading response to the DOJ recommending the
reclassification of marijuana. No much to the analysis = these will have momentum until it
fades. I suspect good continuation plays here until mid -day on Friday when profit taking
and sell-offs will dominate. Short sellers will take positions at the tops as well. In the
meanwhile long trades are the low lying fruit.. The risk is a bit lessens by the surge from
the news. Others include SNDL, OGI , ACB and the ETF MJ for those who like to spread risk
across a basket of stocks. For the time being these stocks will be truly buzzed but do not be
late. Stay home if you are.
DEA: END OF A RETRACEMENT?Hello traders!
As you can see from the chat above, the BEARISH MOMENTUM is getting weaker and weaker, the MACD LINE is about to overtake the SIGNAL LINE and the RSI is OVERSOLD.
My idea is to wait for DEA to reach the 61.8 FIBONACCCI LEVEL and then going long until the target!
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!