Expecting a run-up in the New Year, like last year.It seems like there is a cycle of around 12 months with a margin of error of 1 month when there is the beginning or end of a major move. We are resting on the diagonal dotted white line as well as the bull flag support. We are currently trending down with the bullflag resistance, but one this breaks out it will go out hard. The way I drew the bottom curve was having the beginning and middle point touch and had positioned the end point so that the curve followed the trend, I did not just draw all three points on the chart then extend the right side of it as I think this is a better technique to get the proper shape of the trend. Also, it matches up with being a bottom here! I have 3300 shares at $1.81 and will get out at $10.88. I believe it is going to $12 though. Interestingly this has been trading similarly to TLRY for the past two years. I think we got a daily reversal candle on 12/29, also next week will be a new week for new green candles. Also, there were an even amount of monthly candles from the high to now with a distance of about 4 points each way not counting the upper wicks. Any idea why? Feel free to comment!
