The yen yielded some positive results in the past weeks, looking ahead, waiting for the GDP release in a few hours, we'll be closely looking at how it will perform this week, with 2 areas of interest, a break and retest will be ideal to trigger an edge for a short term within the 50 and the 61% monthly fib zone channel range, till a break on either side, let's see...
Just saving this for myself to look back at later lulz. But yeah I think it's decision time. I think chances are it spikes soon and good targets could be those yellow circles, but there's a chance we keep bleeding so not financial advice, educational for myself ;)
The price is approaching the support level of $ 4.10 and will test it. 1. If it rebounds, it will most likely go up to the resistance level of $ 4.85 and test it. (+ 20% growth). 2. If the price breaks through the support level, it will rush to the global support level of $ 3.31 (fall by 22%) and most likely rebound from it and go up. If you like the idea, do not...
ZYNE lost its marbles along with the entire Cannabis sector. Here are the levels Im watching. Until then I am staying on the sidelines.
Broke through lower diagonal. Needs to see continuation before a retest. There is a nice gap to close around $11. Big Pharma is expected to enter the market if/when the MORE act passes...
NASDAQ:ZYNE Last week we crossed important level on weekly chart and it's been followed with strong movement. I expect possible pullback to weekly SD and then rise to the next level. I recommend to look on lower TF for entry if yo uare not in the trade already. In the case you entered on the bottom then move SL under weekly SD and let it go to TP1. We can see...
Care to guess where we are going?? $Zyne $SNDL $TLRY. Hint: Gap at $10-11
On the W chart we have an insane HUGE triangle. And we are ready for a breakout. Cannabis stocks very bullish so I think we will see a good gain on ZYNE this or next week.
Filing for an NDA would send the stock higher. Momentum is caused by anticipation of this news. Stock could easily double from here. News is expected any moment. Positive will send the stock up 50% pre market, negative will tank it by just as much.
This is the time to buy. If you missed out on GWPH in the early days, this is your second chance.
If you don't know the company, read up. Solid count. Bounce looks impulsive.
Zyne has a clear breakout from the 6.8 resistance (now being established as the support). Based on the long term numbers, there is not really any key resistance till $10.50. Now the question is when? If ZYNE' continues on the current upward trend line (Marked in dark grey), we could see it as early as mid-July 2020; Next best would be the Light Grey trend line....
Wave 1 and 2 completed. Wave 3 is usually the best one to ride, and it is just starting... Dip was bought, broke above key resistance again easily ($5.40 zone). I'm in. Yalla! Let's go!
Broke bullish from a falling wedge. This was to be expected. Looks ready to attempt to get above MA50, this time with good underlying strength.