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Weedstocks

$WEED support lost, will the channel hold? #WEED #CGCOh well, were definitely expecting more energy from around here but now it seems to be that the support that has been holding the price on right course since December '17, is lost. This channel where the price bounced a tiny bit right now has also been tested few times earlier. Not looking that impressive here, for me at least. If this channel is lost, we may see this stock around sub 40 CAD and then maybe even sub 30 CAD. Seems crazy with all this legalization just keep on spreading that the price would see stupidly cheap prices but maybe still lower from here a bit. Direction will chance soon - after the market has done what has to be done.
TSX:WEEDShort
by paskalien
cweb 7jul2019 @cryptokneewoozers its on a run! Im a bit hesitant to say ATH are near, have to break some key resistances, MO. ABC and 123 are basically the same thing, one must relay on context of count and of course see what the retracement is after the C,3. C waves in ZZ tend towards 1:1 of A but can go 1.272 or 1.618. 3s most common fib projection is 1.618 but of course just need to be the longest of the motive waves. 1st step is to see where it stops and retraces and assess from there. Slight Bear div on 4hr. still with in channel, nearing 50,.618 of larger correction. Nearing a pos c/3 fib projections. bounced outta .50-.618 zone.
TSX:CWEB
by CryptoKnee
CGC - Elliott Wave analysis - At a cross road6/29 - what could have been the beginning of the 3rd wave starting in mid April failed to materialize as price action headed into a descending triangle. Therefore I had to re-position the count of Wave 1 to April 30 - With the re-positioned count, we are currently in Wave 2 nearing the end of another descending triangle. If this holds true, we expect price to move up in a thrust to Wave 3. - Invalidation Point: $25.26 if Wave 2 retraces all of Wave 1, this count is no longer valid and we are likely in Wave (c) of a corrective cycle. - Confirmation Point: $80.23+ price breaks above the length of Wave 1 such that Wave 3 is not the shortest wave.
C
by dencor
3