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MO being tested by FDA fears and Institutional SellingIf any stock can do a fakeout, it's Altria. We've seen intense selling to where the RSI is no good. FDA pressure and fears of menthol bans accelerated the selling momentum. We broke down through the channel, furthering bear strength and then through a strong support slope. Yearly bottom of April has held. I'm seeing a bear flag, yet overlapped with a semblance of a bull flag on smaller timeframes. Until buyers can settle above 57 at a close, today could be just a small reprieve in the overall drop. Hoping for bull momentum to return and the downward slope to prove as support. February's Support slope will likely prove as strong resistance in the future. 56.34 area as current immediate resistance... A strong upward break through 57.10-57.33 will be important to reclaim trading zones.
NYSE:MO
by CNotes1234
Bitcoin Price slowly risingI'm beginning to think the game is rigged. As of this writing , the price of Bitcoin has rebounded somewhat from it's low below 5400. There has been a great deal of talk lately about the integration of Institutions , Banks , and Investment firms. Perhaps this is the entry point they wanted , and everything goes up from here , with bitcoin becoming as digital gold and fulfilling Mike Novogratz absurd prediction for q4 2018 , or perhaps Bitcoin will visit former bitcoin cash territory, leaving us to hope that digital currency really is the future , and that Bitcoin isn't going to fade away. With the asian session soon to begin , I think we can all agree that it will be a long night after a very long , disappointing day. I very much hope that this evenings session doesn't tear everything apart. (More) Caveat emptor (ouch)
BITSTAMP:XRPUSD
by Cryptocautious
HEXO Cannabis Investing - The dip b4 big money...still dippingSo Cannabis investors, HEXO is at the a dip and 786 fib retracement. Is this the dip before a November federal bill allowing legalization state by state, or will it go near full retracement? High 9.29, current 5.70, full retracement 3.98. Canopy Growth is 618 fib retracement. The better the stock the lower the dip. I'm using weekly charts and than switching to 1 day and 4 hour charts for potential limit entries. Other favorites are Tilray (TLRY), GW Pharmaceuticals (GWPH) and CBD suppliers CVSI and CBDS. We're getting hammered from credit debt and waiting for the final hammer to drop. TSX:HEXO OTC:HYYDF CGC CRON NASDAQ:TLRY NASDAQ:GWPH OTC:CVSI OTC:CBDS Pick & shovel options: OTC:BLOZF THC Test devices...riskiest play in my view. OTC:KSHB Packaging, labels, and extraction products NYSE:SMG Hydroponics, equipment, fertilizers NYSE:IIPR REIT asset leasing, property OTC:MNTR Financing, asset leasing, property
TSX:TLRYLong
by Pokethebear
Bitcoin looks like another David Einhorn CompuCredit position. Seeing the charting of cryptos is rather painful to my eyes. The use of subjective technical analysis indicators without any kind of expectancy for the strategy or trade outcome is rather disappointing. Although I am against the trading of cryptos which is a result of my education in the markets, I hope to assist those who have been listening to the perma-bulls who constantly shout "breakout" without any supporting statistical evidence to indicate the probability of outcome. We are currently witnessing the first time since 2015 that BTC has had its 100 EMA higher than the 50 EMA along with price being consistently beneath both. Following this downtrend, BTC shot off like one of Elon's Falcon 9's. This is by no means a recommendation to buy as doing so involves adding unnecessary draw down and given the beta risk of cryptos, it is rather uncomfortable to have this exposure in a portfolio. Stay short my friends. When the eagles are silent, the parrots begin to jabber.
BITFINEX:BTCUSDShort
by QuantTrading