Recession looming, global economic pressure, trade wars... chinks are beginning to show in the armor... a deep market correction is imminent IMO... Buy low sell high... the writing is on the wall... Support 18k area... a trading bounce here and there, IMO the shorts will be on the winning side going in 2020... We took 800 off the top yesterday... some key levels...
Recent uplising news coupled with solid earnings and upgrades should take this back up to the high end of the range... $4.40 in sight... next target $5.00... look for friction @ 50MA 4.11 @ 100MA 4.45... Stop@ $3.60... sell 1/2 @4.80 then watch for direction... All IMO... $GRWG
Solid trading over the past few weeks setting us nicely for a leg up... Head and shoulders in place... Big resistance at $2.00... IMO we could move up to the $2.40 level... Some resistance at $2.20...
Time to test some of these support levels after a spectacular run... the chart speaks for itself...
I think we get a oversold bounce to $26.00 area... nice candle put in yesterday on decent volume... $23 bottom?... Cannabis 2.0 on the horizon... whether this is the bottom or not, the downside risk across the board is minimal IMO... Some of the mid-tier names have already stated to move on volume... Buy $23.75 - Sell 26.00...Stop... $22.00 A move up to the...
Stopped out of my previous position... IMO this trades down to .08 - .085... Buy at that point or catch the falling knife... 08-.085 trade up to .115... But hey... what do I know?.. LOL! ... all IMO...
IMO this trades up to the .60 level...support .30... RSI 47.55... September is coming... I'm expecting the cannabis sector in general to heat up... Stop @ .28...
Broke a long, deep 6 month downtrend last week. With the announcement of their product stocking shelves on 8/06/19, I can see this cutting through .15 (key resistance) and head up to the.175 level short term. Volume is building, however today's spinning top ( which I believe it is) on the daily may sell us down slightly before legging up IMO. Plan... trading...
Slightly bullish at this level... little nibble here... IMO we either continue to fall down to the .70 level or jump to $2.00... Stop $1.15... Add @ 1.50... Initial sell point $1.96... All IMO... $SOLCF
Triangle tightening. Consolidating nicely at trend line, looks like solid support in this area. MACD also consolidating. Bounce here to upper resistance (Wave E). Should set up over the next month for a breakout. Stop @ $1.10... Breakout area above $1.45 ish.
We've been in a month-long consolidation phase. Trading bounces through this wave. I can see this trading within a tight range over the next few weeks (following and bouncing off of the support trend line). Support in the $3.00 area. Next leg up should take into the $5.00 range. Stop @ 2.75.
In & .152. Bouncing around in the .15 range once again. Historically there are significant trading bounces off of this level. A close above .17 would be bullish. Stop @.14.
Long @ .60. Possibly bought a bit too soon. With $MJ consolidation and looking to continue uptrend, I didn't want to nickel and dime entry. Possible sell-down to .54 area. If holds above .60, look for a .10 move to wave 3 (C) .70 area. Stop @ .50. Close above .70 area would signal a breakout.
Bounce off of trend line support to wave E. Resistance at $3.10 ish support in the $2.70. Breakout confirmation a close above $3.20. Stop @2.60.
Lower support line play. Buy @ $2.27 Sell in the $3.20 - $3.50 area.
Market pressure coupled with 420 sector selloff offers an interesting opportunity for a tendline bounce play... $4.30 ish trendline support.