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Weed

WEED back within an old narrowing ascending channelWEED.TO finds itself back within an ascending channel, for the first time since losing it June 26th. Indicators on larger time frames are getting very extended as the price level tests the upper limit of the channel, and while the price is at all time highs and running on both hype and news, I do believe at least temporary consolidation is in the very near term future. That said, I expect this reentry to be rejected and for a new support level to be found.
TSX:WEEDShort
by McGuireTO
Comparing US MJ to CANN MJ for first day of legal sales - logFirst day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea. Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started. This is for all the bears in the Canadian MJ space. Watch out. $CGC $WEED $CRON $APH $ACB $TGOD $TLRY This pennystock (shitcoin lol) just had a delayed pump interestingly enough
P
by CryptoHarper
possible reversal3 ideas here showing bullish signals: 1. correction/consolidation looks to be coming to a close from falling wedge pattern. 2. Notice Diverging RSI (unconventional). As the price is falling, retraces upward are getting stronger and stronger. 3. Price action goes sideways while entering 38% Fibonacci resistance level. Volume seems to be increasing, volatility coming back. we should see within the next week whether this prediction is right or wrong. If it starts trending down again from here, short.
TLong
by MysteriousPersian
Sold $5.58 Yesterday for 3% loss. Re-Entering TomorrowRisky swing trade, but I think this reaction is just panic selling from the news yesterday. A lot of people are holding a bag right now, so when the news hit they freaked out. A lot of new traders attracted to weed stocks. It was also hovering around $3.00 before they made all those acquisitions The volume was unspectacular relatively speaking. Funds have already unloaded a lot of stock at this point, which you can see on the two big volume days that happened just recently -- one day for 30 million, the other 20 million. Like the risk reward. I may hold, but if I'm up nicely, I might sell too. Depends on a lot of factors whether I hold. Buying the dip or the open depending on the price action. Will be scaling into my position nonetheless. If it closes strong, I'll fill. No buy half this time, filling the whole thing today
TSX:ACBLong
by alipipefitter
2